Recon Technology (RCON) Set to Release Earnings on Friday

Recon Technology (NASDAQ:RCON) is anticipated to issue its results before the market opens on Friday, October 23rd. Analysts expect Recon Technology to announce earnings of ($92.00) per share and revenue of $6.40 million for the quarter.

Recon Technology Price Performance

Shares of NASDAQ:RCON opened at $1.04 on Thursday. Recon Technology has a 1-year low of $0.88 and a 1-year high of $390.00. The business has a 50-day moving average price of $1.73 and a two-hundred day moving average price of $76.45.

Analysts Set New Price Targets

Several research analysts have recently issued reports on RCON shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Recon Technology in a research note on Friday, September 4th. Wall Street Zen downgraded shares of Recon Technology from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Recon Technology Company Profile

Recon Technology, Ltd. (NASDAQ: RCON) is a China-based provider of equipment, software and technical services for the oil and gas industry. The company focuses on helping energy producers automate and manage production operations, particularly in areas such as oilfield monitoring, control systems and process optimization.

Its products and services have included oilfield automation systems, electronic power and control equipment, and related engineering and technical support. Recon Technology has also been involved in solutions for enhanced oil recovery, well stimulation, environmental protection and other production-related applications.

Founded in 2003, Recon Technology serves oil and gas customers primarily in China through its operating subsidiaries and project-based activities.