Recon Technology (NASDAQ:RCON) Upgraded to “Buy” at ValuEngine

ValuEngine upgraded shares of Recon Technology (NASDAQ:RCON) from a hold rating to a buy rating in a research note published on Thursday morning, ValuEngine reports.

Separately, Maxim Group restated a hold rating on shares of Recon Technology in a research report on Friday, January 3rd.

Shares of Recon Technology stock traded down $0.13 during trading on Thursday, reaching $2.42. 14,300 shares of the stock traded hands, compared to its average volume of 162,238. The business has a fifty day simple moving average of $1.69 and a two-hundred day simple moving average of $0.96. The company has a current ratio of 2.32, a quick ratio of 2.29 and a debt-to-equity ratio of 0.08. Recon Technology has a 52-week low of $2.20 and a 52-week high of $5.85.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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