Recon Technology (NASDAQ:RCON) Issues Earnings Results

Recon Technology (NASDAQ:RCON) posted its quarterly earnings data on Friday. The oil and gas company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.51) by $0.47, FiscalAI reports.

Recon Technology Stock Performance

RCON stock traded down $0.10 on Friday, reaching $1.14. The company’s stock had a trading volume of 188,020 shares, compared to its average volume of 47,358. Recon Technology has a 52 week low of $1.10 and a 52 week high of $7.16. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.86 and a current ratio of 5.88. The firm has a fifty day moving average of $1.37 and a two-hundred day moving average of $1.58.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Recon Technology in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

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.