Recon Technology (RCON) Expected to Release Quarterly Earnings on Friday

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

Recon Technology Trading Up 4.5%

RCON opened at $0.95 on Wednesday. The firm has a fifty day moving average price of $1.81 and a 200 day moving average price of $77.79. Recon Technology has a 1 year low of $0.88 and a 1 year high of $390.00.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on RCON shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Recon Technology in a report on Friday, September 4th. Wall Street Zen cut Recon Technology from a “hold” rating to a “sell” rating in a report on Saturday, October 3rd. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock presently has a consensus 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.