Recon Technology (NASDAQ:RCON) Stock Dropped to “Sell” by Wall Street Zen

Wall Street Zen lowered shares of Recon Technology (NASDAQ:RCON) from a hold rating to a sell rating in a research note released on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Recon Technology in a report on Friday, September 4th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Recon Technology has an average rating of “Sell”.

Recon Technology Stock Down 3.8%

Shares of Recon Technology stock opened at $1.25 on Friday. The business’s 50 day simple moving average is $13.99 and its two-hundred day simple moving average is $93.67. Recon Technology has a one year low of $1.20 and a one year high of $414.58.

Recon Technology (NASDAQ:RCON) last announced its quarterly earnings data on Wednesday, September 30th. The oil and gas company reported ($10.90) earnings per share for the quarter, beating the consensus estimate of ($92.00) by $81.10. The company had revenue of $2.01 million during the quarter, compared to the consensus estimate of $6.40 million.

About Recon Technology

Recon Technology, Ltd. is a China-based provider of equipment, technologies and services for the oil and gas industry. The company focuses on automation and production-enhancement solutions used in oilfield operations, including systems designed to improve the efficiency, monitoring and control of petroleum extraction and processing activities.

Its business has included the design, integration and implementation of industrial automation systems, as well as the supply of related equipment and technical services.