Recon Technology (NASDAQ:RCON) Share Price Crosses Below 200-Day Moving Average – Time to Sell?

Recon Technology, Ltd. (NASDAQ:RCON)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $142.99 and traded as low as $2.01. Recon Technology shares last traded at $2.04, with a volume of 20,167,446 shares traded.

Analyst Upgrades and Downgrades

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.com, Recon Technology currently has an average rating of “Sell”.

Recon Technology Price Performance

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 stock’s 50 day moving average is $59.62 and its two-hundred day moving average is $141.19.

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.