Zacks: Recon Technology, Ltd. (NASDAQ:RCON) Receives Average Rating of “Hold” from Brokerages

Recon Technology, Ltd. (NASDAQ:RCON) has received an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Zacks has also assigned Recon Technology an industry rank of 77 out of 254 based on the ratings given to related companies.

A number of equities analysts have weighed in on RCON shares. ValuEngine cut shares of Recon Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Maxim Group restated a “hold” rating on shares of Recon Technology in a research report on Friday, March 20th.

Shares of RCON stock traded down $1.61 during trading hours on Friday, hitting $2.09. The company’s stock had a trading volume of 1,266,012 shares, compared to its average volume of 111,027. The company has a quick ratio of 1.98, a current ratio of 2.01 and a debt-to-equity ratio of 0.07. The company has a 50 day moving average of $2.91 and a 200 day moving average of $1.94. Recon Technology has a 12-month low of $1.11 and a 12-month high of $5.55.

About Recon Technology

Recon Technology, Ltd. provides hardware, software, and on-site services to companies in the petroleum mining and extraction industry in the People's Republic of China. The company offers equipment, tools, and other hardware related to oilfield production and management, and transportation; and develops and sells industrial automation control and information solutions.

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