Recon Technology (NASDAQ:RCON) Posts Earnings Results

Recon Technology (NASDAQ:RCON) posted its quarterly earnings results on Wednesday. The oil and gas company reported ($10.90) earnings per share for the quarter, FiscalAI reports. The company had revenue of $2.01 million for the quarter.

Recon Technology Stock Performance

Shares of NASDAQ RCON opened at $1.29 on Thursday. 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 one year low of $1.20 and a one year high of $414.58. The business’s fifty day moving average price is $17.51 and its 200-day moving average price is $95.91.

Analyst Upgrades and Downgrades

Several brokerages have commented on RCON. Wall Street Zen raised shares of Recon Technology to a “hold” rating in a research report on Saturday, September 5th. Weiss Ratings reissued a “sell (e+)” rating on shares of Recon Technology in a research report on Friday, September 4th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Recon Technology Company Profile

Recon Technology, Ltd. is a China-based provider of equipment, technologies and services for the oil and gas industry. The company focuses on automation and production-enhancement solutions used in oilfield operations, including systems designed to improve the efficiency, monitoring and control of petroleum extraction and processing activities.

Its business has included the design, integration and implementation of industrial automation systems, as well as the supply of related equipment and technical services.