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

Recon Technology, Ltd. (NASDAQ:RCON)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as low as $0.64. Recon Technology shares last traded at $0.64, with a volume of 3,331 shares.

RCON has been the topic of several recent research reports. Maxim Group reiterated a “buy” rating on shares of Recon Technology in a report on Friday, May 24th. ValuEngine lowered Recon Technology from a “sell” rating to a “strong sell” rating in a report on Thursday, August 8th.

The company has a quick ratio of 2.45, a current ratio of 2.46 and a debt-to-equity ratio of 0.08. The stock has a fifty day moving average price of $0.74 and a two-hundred day moving average price of $0.89.

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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