Recon Technology, Ltd. (NASDAQ:RCON – Get Rating)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.80 and traded as low as $0.50. Recon Technology shares last traded at $0.51, with a volume of 187,871 shares changing hands.
Separately, StockNews.com initiated coverage on Recon Technology in a research report on Saturday. They set a “hold” rating for the company.
The company has a debt-to-equity ratio of 0.02, a current ratio of 8.14 and a quick ratio of 8.05. The business has a 50-day simple moving average of $0.67 and a 200 day simple moving average of $0.80.
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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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