Recon Technology (NASDAQ:RCON) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Recon Technology, Ltd. (NASDAQ:RCON) saw unusually-strong trading volume on Tuesday . Approximately 226,474 shares were traded during mid-day trading, an increase of 574% from the previous session’s volume of 33,607 shares.The stock last traded at $6.0180 and had previously closed at $4.48.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Recon Technology in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Recon Technology currently has an average rating of “Sell”.

Recon Technology Stock Up 5.9%

The business has a fifty day simple moving average of $0.37 and a 200-day simple moving average of $0.77. 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 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.