Recon Technology (NASDAQ:RCON) Posts Quarterly Earnings Results, Beats Expectations By $0.47 EPS

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

Recon Technology Stock Down 5.8%

RCON stock traded down $0.07 during trading on Friday, reaching $1.17. 188,321 shares of the stock traded hands, compared to its average volume of 47,358. The business’s 50 day moving average price is $1.37 and its 200-day moving average price is $1.58. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.88 and a quick ratio of 5.86. Recon Technology has a 52-week low of $1.10 and a 52-week high of $7.16.

Analyst Upgrades and Downgrades

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

About Recon Technology

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.