Recon Technology (NASDAQ:RCON) Shares Pass Above 200 Day Moving Average – What’s Next?

Recon Technology, Ltd. (NASDAQ:RCONGet Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.14 and traded as high as $2.20. Recon Technology shares last traded at $2.19, with a volume of 54,135 shares changing hands.

Analysts Set New Price Targets

Separately, Wall Street Zen initiated coverage on Recon Technology in a research report on Friday, May 16th. They set a “sell” rating for the company.

Get Our Latest Analysis on RCON

Recon Technology Price Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 9.19 and a quick ratio of 9.16. The company has a 50-day moving average price of $2.51 and a 200 day moving average price of $2.14.

Recon Technology Company Profile

(Get Free Report)

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 components and parts related to oilfield production and other energy industries; and develops and sells industrial automation control and information solutions.

Further Reading

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