Recon Technology (NASDAQ:RCON) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Recon Technology, Ltd. (NASDAQ:RCON)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.14 and traded as low as $0.6354. Recon Technology shares last traded at $0.65, with a volume of 31,379 shares trading hands.

Recon Technology Stock Down 13.8%

The business has a 50 day moving average price of $0.79 and a two-hundred day moving average price of $1.14. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.23 and a current ratio of 4.24.

Recon Technology (NASDAQ:RCON) last issued its quarterly earnings results on Friday, March 13th. The oil and gas company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.51) by $0.47. The company had revenue of $6.08 million for the quarter, compared to the consensus estimate of $4.70 million.

About Recon Technology

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.