Recon Technology (NASDAQ:RCON) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Recon Technology, Ltd. (NASDAQ:RCON)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.22 and traded as low as $0.65. Recon Technology shares last traded at $0.66, with a volume of 13,554 shares traded.

Recon Technology Stock Up 3.1%

The company has a debt-to-equity ratio of 0.02, a current ratio of 4.24 and a quick ratio of 4.23. The firm’s 50 day simple moving average is $0.93 and its two-hundred day simple moving average is $1.22.

Recon Technology (NASDAQ:RCON) last posted its quarterly earnings results on Friday, March 13th. The oil and gas company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.51) by $0.47. The business had revenue of $6.08 million during the quarter, compared to the consensus estimate of $4.70 million.

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.