Recon Technology, Ltd. (NASDAQ:RCON – Get Free Report)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.17 and traded as low as $0.5801. Recon Technology shares last traded at $0.5810, with a volume of 4,233 shares traded.
Recon Technology Price Performance
The business has a fifty day moving average price of $0.82 and a 200 day moving average price of $1.16. The company has a current ratio of 4.24, a quick ratio of 4.23 and a debt-to-equity ratio of 0.02.
Recon Technology (NASDAQ:RCON – Get Free Report) last issued its quarterly earnings results on Friday, March 13th. The oil and gas company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.51) by $0.47. The business had revenue of $6.08 million for the quarter, compared to analyst estimates of $4.70 million.
About Recon Technology
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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