Recon Technology (NASDAQ:RCON) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of Recon Technology (NASDAQ:RCON) in a research note issued on Monday. The firm set a “sell” rating on the oil and gas company’s stock.

Recon Technology Stock Down 17.0 %

NASDAQ RCON opened at $2.44 on Monday. Recon Technology has a 1-year low of $1.26 and a 1-year high of $5.49. The firm’s fifty day simple moving average is $2.97 and its 200-day simple moving average is $2.11.

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