Shares of Recon Technology, Ltd. (NASDAQ:RCON – Free Report) are going to reverse split on Tuesday, August 18th. The 1-200 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, August 17th.
Recon Technology Stock Down 7.2%
Shares of NASDAQ:RCON traded down $0.00 on Friday, reaching $0.03. 57,435,991 shares of the company’s stock were exchanged, compared to its average volume of 6,019,504. The business’s 50-day moving average is $0.38 and its two-hundred day moving average is $0.79. The company has a quick ratio of 4.23, a current ratio of 4.24 and a debt-to-equity ratio of 0.02. Recon Technology has a fifty-two week low of $0.02 and a fifty-two week high of $3.15.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Recon Technology in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Recon Technology presently has an average rating of “Sell”.
Recon Technology Company Profile
Recon Technology Ltd, through its subsidiaries, specializes in the design, development, manufacturing and sale of nondestructive testing (NDT) equipment and wireless communication products. The company’s NDT portfolio comprises ultrasonic flaw detectors, thickness gauges, phased array systems, eddy current instruments and digital radiography imaging equipment. These solutions enable precision inspection of welds, pipelines, pressure vessels and structural components across a range of industries.
In addition to hardware, Recon Technology provides software for data acquisition, image processing and reporting, as well as calibration, training and technical support services.
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