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NASDAQ:RCON

Recon Technology (RCON) Stock Price, News & Analysis

Recon Technology logo
$2.35
+0.13 (+5.86%)
(As of 10/31/2024 ET)

About Recon Technology Stock (NASDAQ:RCON)

Key Stats

Today's Range
$2.11
$2.35
50-Day Range
$2.22
$3.47
52-Week Range
$1.26
$5.49
Volume
9,824 shs
Average Volume
42,205 shs
Market Capitalization
$18.52 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
N/A
Consensus Rating
N/A

Company Overview

Recon Technology, Ltd. provides hardware, software, and on-site services to companies in the petroleum mining and extraction industry in the People's Republic of China. The company offers equipment, tools, and other components and parts related to oilfield production and other energy industries; and develops and sells industrial automation control and information solutions. It also provides equipment for oil and gas production and transportation, including heating furnaces and burner, as well as improvement techniques comprising packers of fracturing; production packers; sand prevention in oil and water wells; water locating and plugging techniques; fissure shaper; fracture acidizing techniques; and electronic broken-down services to resolve block-up and freezing problems. In addition, the company offers automation systems and services, including pumping unit controller that monitors the pumping units and collects data; RTU to monitor natural gas wells and collect gas well pressure data; wireless dynamometers and wireless pressure gauges; electric multi-way valves for oilfield metering station flow control; and natural gas flow computer systems. Further, it provides Recon SCADA oilfield monitor and data acquisition system for supervision and data collection; EPC service of pipeline SCADA system for pipeline monitoring and data acquisition; EPC service of oil and gas wells SCADA system for monitoring and data acquisition of oil wells and natural gas wells; EPC service of oilfield video surveillance and control system to control the oil and gas wellhead and measurement station areas; and technique service for digital oilfield transformation. Additionally, the company offers oilfield waste water treatment solutions and related chemicals; oily sludge disposal solutions; and gas station operation and management solution. Recon Technology, Ltd. was incorporated in 2007 and is headquartered in Beijing, the People's Republic of China.

Recon Technology Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
36th Percentile Overall Score

RCON MarketRank™: 

Recon Technology scored higher than 36% of companies evaluated by MarketBeat, and ranked 210th out of 264 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Percentage of Shares Shorted

    1.21% of the float of Recon Technology has been sold short.
  • Short Interest Ratio / Days to Cover

    Recon Technology has a short interest ratio ("days to cover") of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Recon Technology has recently decreased by 51.28%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Recon Technology does not currently pay a dividend.

  • Dividend Growth

    Recon Technology does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    1.21% of the float of Recon Technology has been sold short.
  • Short Interest Ratio / Days to Cover

    Recon Technology has a short interest ratio ("days to cover") of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Recon Technology has recently decreased by 51.28%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Recon Technology has a news sentiment score of 0.47. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Oils/Energy companies.
  • News Coverage This Week

    MarketBeat has tracked 6 news articles for Recon Technology this week, compared to 0 articles on an average week.
  • Search Interest

    1 people have searched for RCON on MarketBeat in the last 30 days.
  • MarketBeat Follows

    1 people have added Recon Technology to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Recon Technology insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    27.97% of the stock of Recon Technology is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    Only 9.47% of the stock of Recon Technology is held by institutions.

  • Read more about Recon Technology's insider trading history.
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RCON Stock News Headlines

Recon Technology Posts Narrower Loss In FY24; Revenue Up 2.6%
Banking failure dead ahead
If you missed it, my emergency election broadcast is now available - but will be removed soon
See More Headlines

RCON Stock Analysis - Frequently Asked Questions

Recon Technology's stock was trading at $4.2030 at the beginning of the year. Since then, RCON shares have decreased by 45.8% and is now trading at $2.28.
View the best growth stocks for 2024 here
.

Recon Technology's stock reverse split on the morning of Wednesday, May 1st 2024. The 1-18 reverse split was announced on Thursday, April 25th 2024. The number of shares owned by shareholders was adjusted after the market closes on Tuesday, April 30th 2024. An investor that had 100 shares of stock prior to the reverse split would have 6 shares after the split.

Top institutional shareholders of Recon Technology include Belvedere Trading LLC (0.21%).

Shares of RCON stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Recon Technology investors own include Zomedica (ZOM), Jumia Technologies (JMIA), Nano Dimension (NNDM), NIO (NIO), NVIDIA (NVDA), AST SpaceMobile (ASTS) and Meta Platforms (META).

Company Calendar

Today
10/31/2024
Next Earnings (Estimated)
1/29/2025
Fiscal Year End
6/30/2025

Industry, Sector and Symbol

Industry
Oil & gas field services, not elsewhere classified
Sub-Industry
Petroleum And Natural Gas
Current Symbol
NASDAQ:RCON
Employees
188
Year Founded
N/A

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$9.26 million
Book Value
$28.27 per share

Miscellaneous

Free Float
5,675,000
Market Cap
$17.49 million
Optionable
Optionable
Beta
2.39
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This page (NASDAQ:RCON) was last updated on 10/31/2024 by MarketBeat.com Staff
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