StockNews.com started coverage on shares of Recon Technology (NASDAQ:RCON – Free Report) in a report published on Saturday morning. The firm issued a sell rating on the oil and gas company’s stock.
Recon Technology Trading Up 11.0 %
RCON opened at $0.09 on Friday. Recon Technology has a 1-year low of $0.07 and a 1-year high of $0.43. The company has a 50 day simple moving average of $0.14 and a two-hundred day simple moving average of $0.21.
Recon Technology shares are set to reverse split before the market opens on Wednesday, May 1st. The 1-18 reverse split was announced on Thursday, April 25th. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, April 30th.
Recon Technology Company Profile
Recon Technology, Ltd. provides hardware, software, and on-site services to companies in the petroleum mining and extraction industry in the People's Republic of China. The company offers equipment, tools, and other components and parts related to oilfield production and other energy industries; and develops and sells industrial automation control and information solutions.
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