Recon Technology, Ltd. (NASDAQ:RCON) Given Consensus Rating of “Strong Buy” by Brokerages

Recon Technology, Ltd. (NASDAQ:RCON) has been given 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 analyst has rated the stock with a strong buy recommendation.

Analysts have set a twelve-month consensus price objective of $2.00 for the company, according to Zacks. Zacks has also assigned Recon Technology an industry rank of 195 out of 256 based on the ratings given to its competitors.

RCON has been the topic of several recent analyst reports. ValuEngine cut Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Maxim Group set a $7.00 price objective on Net 1 UEPS Technologies and gave the company a “buy” rating in a research report on Friday, May 24th.

Shares of Recon Technology stock traded down $0.02 during trading on Friday, hitting $0.78. 201 shares of the company’s stock traded hands, compared to its average volume of 31,726. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.46 and a quick ratio of 2.45. Recon Technology has a 1 year low of $0.63 and a 1 year high of $1.75. The stock has a 50-day simple moving average of $0.80.

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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