On Thursday, Recon Technology, Ltd.’s stock price fell below its 200-day moving average. The stock’s 200-day moving average is $2.96, and it reached a low of $1.37 before closing at $1.40 with a volume of 17,457 shares traded. Despite this, Wall Street analysts predict growth for the company.
StockNews.com recently started covering Recon Technology and gave it a “sell” rating. However, the stock is currently down by 3.4%. Its 50-day simple moving average is $1.75, and its 200-day simple moving average is $2.96. Recon Technology provides hardware, software, and on-site services to companies in the petroleum mining and extraction industry in China. They offer equipment, tools, and other components related to oilfield production as well as industrial automation control and information solutions.
If you want to stay updated on Recon Technology and other related companies, you can sign up to receive news and ratings from MarketBeat.com for free.
