Recon Technology (NASDAQ:RCON) Stock Crosses Below 200 Day Moving Average of $0.00

Recon Technology, Ltd. (NASDAQ:RCON) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as low as $0.63. Recon Technology shares last traded at $0.65, with a volume of 860 shares.

RCON has been the topic of several recent analyst reports. Maxim Group reissued a “buy” rating on shares of Recon Technology in a research note on Friday, May 24th. ValuEngine cut Recon Technology from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st.

The company has a debt-to-equity ratio of 0.08, a current ratio of 2.46 and a quick ratio of 2.45. The firm has a 50 day moving average price of $0.77.

About Recon Technology (NASDAQ:RCON)

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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