Zacks: Recon Technology, Ltd. (RCON) Receives Consensus Rating of “Strong Buy” from Analysts

Shares of Recon Technology, Ltd. (NASDAQ:RCON) have received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Brokers have set a twelve-month consensus target price of $2.00 for the company, according to Zacks. Zacks has also given Recon Technology an industry rank of 93 out of 256 based on the ratings given to related companies.

Several research analysts have weighed in on RCON shares. ValuEngine upgraded shares of Recon Technology from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th. Maxim Group restated a “buy” rating and set a $2.00 target price on shares of Recon Technology in a research report on Thursday, February 28th.

Shares of RCON opened at $0.90 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.45 and a current ratio of 2.46. Recon Technology has a twelve month low of $0.63 and a twelve month high of $1.90.

About Recon Technology

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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