Recon Technology, Ltd. (NASDAQ:RCON) Given Average Recommendation of “Strong Buy” by Analysts

Shares of Recon Technology, Ltd. (NASDAQ:RCON) have earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Analysts have set a twelve-month consensus target price of $2.00 for the company, according to Zacks. Zacks has also given Recon Technology an industry rank of 232 out of 256 based on the ratings given to related companies.

A number of brokerages have commented on RCON. Maxim Group reaffirmed a “buy” rating on shares of Recon Technology in a research report on Friday, May 24th. ValuEngine cut shares of Recon Technology from a “sell” rating to a “strong sell” rating in a research report on Thursday.

RCON traded down $0.01 during trading on Wednesday, reaching $0.67. 40,212 shares of the stock traded hands, compared to its average volume of 79,509. The company has a current ratio of 2.46, a quick ratio of 2.45 and a debt-to-equity ratio of 0.08. The company has a 50-day simple moving average of $0.75. Recon Technology has a 12 month low of $0.63 and a 12 month high of $1.56.

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 transportation; and develops and sells industrial automation control and information solutions.

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