Recon Technology (NASDAQ:RCON) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of Recon Technology (NASDAQ:RCON) from a hold rating to a sell rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Recon Technology in a report on Friday, September 4th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Recon Technology Price Performance

Shares of RCON opened at $1.25 on Friday. Recon Technology has a 1-year low of $1.20 and a 1-year high of $413.98. The firm’s 50-day moving average price is $12.09 and its 200-day moving average price is $91.05.

About Recon Technology

Recon Technology, Ltd. is a China-based provider of equipment, technologies and services for the oil and gas industry. The company focuses on automation and production-enhancement solutions used in oilfield operations, including systems designed to improve the efficiency, monitoring and control of petroleum extraction and processing activities.

Its business has included the design, integration and implementation of industrial automation systems, as well as the supply of related equipment and technical services.