Recon Technology (NASDAQ:RCON) Stock Set to Reverse Split on Tuesday, August 18th

Recon Technology, Ltd. (NASDAQ:RCON)’s stock is going to reverse split on Tuesday, August 18th. The 1-200 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, August 17th.

Recon Technology Stock Down 7.2%

RCON stock traded down $0.00 during trading on Friday, reaching $0.03. The stock had a trading volume of 57,435,991 shares, compared to its average volume of 43,383,276. Recon Technology has a 1-year low of $0.02 and a 1-year high of $3.15. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.23 and a current ratio of 4.24. The firm has a fifty day moving average price of $0.38 and a 200 day moving average price of $0.79.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Recon Technology in a research report on Tuesday, June 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Recon Technology 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.