Recon Technology (NASDAQ:RCON) Share Price Crosses Below Two Hundred Day Moving Average of $1.05

Recon Technology, Ltd. (NASDAQ:RCONGet Rating)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.05 and traded as low as $0.66. Recon Technology shares last traded at $0.68, with a volume of 265,273 shares traded.

Separately, StockNews.com downgraded Recon Technology from a “hold” rating to a “sell” rating in a report on Thursday, May 12th.

The business has a fifty day moving average price of $0.82 and a 200 day moving average price of $1.05. The company has a quick ratio of 8.05, a current ratio of 8.14 and a debt-to-equity ratio of 0.02.

An institutional investor recently raised its position in Recon Technology stock. Jane Street Group LLC raised its position in Recon Technology, Ltd. (NASDAQ:RCONGet Rating) by 161.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,931 shares of the oil and gas company’s stock after purchasing an additional 27,151 shares during the quarter. Jane Street Group LLC owned 0.15% of Recon Technology worth $47,000 at the end of the most recent quarter. Institutional investors and hedge funds own 29.19% of the company’s stock.

Recon Technology Company Profile (NASDAQ:RCON)

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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