Equities research analysts at StockNews.com began coverage on shares of Recon Technology (NASDAQ:RCON – Get Rating) in a research report issued to clients and investors on Saturday. The brokerage set a “hold” rating on the oil and gas company’s stock.
Shares of Recon Technology stock opened at $0.51 on Friday. Recon Technology has a one year low of $0.50 and a one year high of $3.24. The company has a debt-to-equity ratio of 0.02, a quick ratio of 8.05 and a current ratio of 8.14. The stock’s 50-day moving average is $0.67 and its 200 day moving average is $0.80.
An institutional investor recently raised its position in Recon Technology stock. Jane Street Group LLC boosted its holdings in shares of Recon Technology, Ltd. (NASDAQ:RCON – Get Rating) by 161.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 43,931 shares of the oil and gas company’s stock after buying an additional 27,151 shares during the period. Jane Street Group LLC owned approximately 0.15% of Recon Technology worth $47,000 as of its most recent SEC filing. 21.76% of the stock is currently owned by institutional investors and hedge funds.
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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