Zacks: Recon Technology, Ltd. (NASDAQ:RCON) Given Consensus Rating of “Hold” by Brokerages

Recon Technology, Ltd. (NASDAQ:RCON) has been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Zacks has also given Recon Technology an industry rank of 77 out of 254 based on the ratings given to its competitors.

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

NASDAQ RCON traded down $1.61 during trading on Friday, reaching $2.09. 1,266,012 shares of the company’s stock were exchanged, compared to its average volume of 111,027. The business has a 50 day moving average price of $2.91 and a 200-day moving average price of $1.94. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.01 and a quick ratio of 1.98. Recon Technology has a fifty-two week low of $1.11 and a fifty-two week high of $5.55.

Recon Technology Company Profile

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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