Recon Technology (RCON) Receiving Somewhat Favorable Media Coverage, Report Shows

News stories about Recon Technology (NASDAQ:RCON) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Recon Technology earned a media sentiment score of 0.25 on Accern’s scale. Accern also gave media headlines about the oil and gas company an impact score of 44.5604365384903 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Separately, Maxim Group began coverage on shares of Recon Technology in a report on Tuesday, June 12th. They issued a “buy” rating and a $2.50 price objective on the stock.

Shares of RCON stock traded up $0.07 during trading hours on Friday, hitting $1.44. The company’s stock had a trading volume of 201,092 shares, compared to its average volume of 367,339. The company has a quick ratio of 4.30, a current ratio of 4.49 and a debt-to-equity ratio of 0.09. Recon Technology has a 12-month low of $0.64 and a 12-month high of $5.36.

Recon Technology (NASDAQ:RCON) last announced its quarterly earnings results on Tuesday, May 15th. The oil and gas company reported ($0.06) earnings per share (EPS) for the quarter. Recon Technology had a negative return on equity of 47.79% and a negative net margin of 48.08%. The firm had revenue of $2.64 million for the quarter.

About Recon Technology

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 hardware related to oilfield production and management; and develops and sells industrial automation control and information solutions.

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