Recon Technology, Ltd. (NASDAQ:RCON – Get Free Report ) shares fell below their 200-day moving average during trading on Friday. The stock’s 200-day moving average is $2.80, falling to a low of $1.38. Recon Technology shares last traded at $1.39, with trading volume of 5,377 shares.
Wall Street analysts predict growth
Meanwhile, StockNews.com initiated coverage on Recon Technology in a report on Saturday, where the firm gave the company a “sell” rating.
Check out our latest analysis on reconnaissance technology
Recon Technology shares fell 2.1%
The company’s 50 day simple moving average is $1.60 and its 200 day simple moving average is $2.80.
Recon Technology Company Profile
(Get your free report)
Recon Technology, Ltd. provides hardware, software and on-site services to companies in the oil drilling and extraction industry in the People’s Republic of China. The company supplies equipment, tools and other components and parts related to oilfield production and other energy industries, and develops and sells industrial automation control and information solutions.
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