Recon Technology, Ltd.: Navigating the Rough Waters in the Petroleum Mining Industry with Sell Rating from StockNews.com

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, as well as develops and sells industrial automation control and information solutions.

On Wednesday, StockNews.com issued a research note on Recon Technology (NASDAQ: RCON) with a “sell” rating for the oil and gas company’s stock. Despite this, the shares of Recon Technology were trading down 5.1% on Wednesday, opening at $1.50. The company has a 52-week low of $1.26 and a 52-week high of $7.74. Additionally, it has a 50-day moving average of $2.00 and a two-hundred day moving average of $3.22.

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