Recon Technology (NASDAQ:RCON) Shares Pass Below 200-Day Moving Average – Time to Sell?

by · The Cerbat Gem

Recon Technology, Ltd. (NASDAQ:RCON – Get Free Report) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $113.38 and traded as low as $1.23. Recon Technology shares last traded at $1.29, with a volume of 212,046 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on RCON shares. Wall Street Zen raised shares of Recon Technology to a “hold” rating in a research note on Saturday, September 5th. Weiss Ratings reissued a “sell (e+)” rating on shares of Recon Technology in a report on Friday, September 4th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Read Our Latest Report on Recon Technology

Recon Technology Price Performance

The company has a current ratio of 4.24, a quick ratio of 4.23 and a debt-to-equity ratio of 0.02. The company has a fifty day simple moving average of $30.79 and a two-hundred day simple moving average of $112.60.

Recon Technology Company Profile

(Get Free Report)

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.

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