Shares of Recon Technology, Ltd. (NASDAQ:RCON) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Analysts have set a one year consensus price objective of $2.00 for the company, according to Zacks. Zacks has also given Recon Technology an industry rank of 77 out of 256 based on the ratings given to its competitors.

Several analysts have weighed in on RCON shares. Maxim Group reiterated a “buy” rating and set a $2.00 price target on shares of Recon Technology in a research note on Thursday, February 28th. ValuEngine upgraded Recon Technology from a “sell” rating to a “hold” rating in a research note on Wednesday, March 20th.

RCON stock traded down $0.05 on Thursday, hitting $0.81. 500 shares of the company’s stock were exchanged, compared to its average volume of 15,420. Recon Technology has a 12-month low of $0.63 and a 12-month high of $1.90. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.45 and a current ratio of 2.46.

About Recon Technology

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 hardware related to oilfield production and management, and transportation; and develops and sells industrial automation control and information solutions.

Further Reading: Understanding debt-to-equity ratio in fundamental analysis

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