Recon Technology (NASDAQ:RCON) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Recon Technology, Ltd. (NASDAQ:RCON) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.13 and traded as low as $1.31. Recon Technology shares last traded at $1.31, with a volume of 4,069 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Recon Technology in a research note on Monday, December 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Recon Technology Price Performance

The company has a current ratio of 5.88, a quick ratio of 5.86 and a debt-to-equity ratio of 0.02. The business has a fifty day moving average price of $1.59 and a 200 day moving average price of $2.13.

Recon Technology (NASDAQ:RCON) last announced its earnings results on Saturday, September 27th. The oil and gas company reported ($1.19) earnings per share (EPS) for the quarter. The company had revenue of $1.74 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 components and parts related to oilfield production and other energy industries; and develops and sells industrial automation control and information solutions.