Recon Technology (NASDAQ:RCON) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Recon Technology, Ltd. (NASDAQ:RCON) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.17 and traded as low as $0.5801. Recon Technology shares last traded at $0.5810, with a volume of 4,233 shares changing hands.

Recon Technology Price Performance

The company has a current ratio of 4.24, a quick ratio of 4.23 and a debt-to-equity ratio of 0.02. The stock’s 50-day simple moving average is $0.84 and its 200 day simple moving average is $1.17.

Recon Technology (NASDAQ:RCON) last issued its quarterly earnings data on Friday, March 13th. The oil and gas company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.51) by $0.47. The company had revenue of $6.08 million during the quarter, compared to the consensus estimate of $4.70 million.

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.