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

Recon Technology, Ltd. (NASDAQ:RCON)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.95 and traded as low as $0.3905. Recon Technology shares last traded at $0.4180, with a volume of 17,915,921 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Recon Technology in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Recon Technology currently has an average rating of “Sell”.

Recon Technology Trading Up 7.0%

The company has a current ratio of 4.24, a quick ratio of 4.23 and a debt-to-equity ratio of 0.02. The company has a fifty day simple moving average of $0.52 and a two-hundred day simple moving average of $0.95.

Recon Technology Company Profile

Recon Technology Ltd, through its subsidiaries, specializes in the design, development, manufacturing and sale of nondestructive testing (NDT) equipment and wireless communication products. The company’s NDT portfolio comprises ultrasonic flaw detectors, thickness gauges, phased array systems, eddy current instruments and digital radiography imaging equipment. These solutions enable precision inspection of welds, pipelines, pressure vessels and structural components across a range of industries.

In addition to hardware, Recon Technology provides software for data acquisition, image processing and reporting, as well as calibration, training and technical support services.