Recon Technology (RCON) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $2.06 to $2.23
• 50-Day Range: $2.02 to $3.47
• 52-Week Range: $1.26 to $5.49
• Volume: 2,623 shs
• Average Volume: 40,332 shs
• Market Capitalization: $17.57 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Recon Technology Stock Analysis - MarketRank™

Recon Technology scored higher than 19% of companies evaluated by MarketBeat, and ranked 240th out of 263 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Recon Technology.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Book Value per Share Ratio

Recon Technology has a P/B Ratio of 0.26. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.70% 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 44.57%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Recon Technology does not currently pay a dividend.

Dividend Growth

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

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.70% 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 44.57%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: N/A

News Coverage This Week

MarketBeat has tracked 1 news article 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.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

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.

RCON Stock Analysis - Frequently Asked Questions

How have RCON shares performed this year?

Recon Technology's stock was trading at $4.2030 at the beginning of the year. Since then, RCON shares have decreased by 46.9% and is now trading at $2.23.
View the best growth stocks for 2024 here.

When did Recon Technology's stock split?

Recon Technology shares reverse split before market open on 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 closing bell 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.

Who are Recon Technology's major shareholders?

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

How do I buy shares of Recon Technology?

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.

What other stocks do shareholders of Recon Technology own?

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: 11/21/2024
• Next Earnings (Estimated): 1/29/2025
• Fiscal Year End: 6/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Oils/Energy
• Industry: Oil & gas field services, not elsewhere classified
• Sub-Industry: Petroleum And Natural Gas
• Current Symbol: NASDAQ:RCON
• CUSIP: N/A
• CIK: 1442620
• Web: www.recon.cn
• Phone: 861084945799
• Fax: 86-10-8494-5792
• Employees: 188
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: 0.02
• Current Ratio: 10.67
• Quick Ratio: 10.64

Sales & Book Value

• Annual Sales: $9.48 million
• Price / Sales: 1.77
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $8.58 per share
• Price / Book: 0.25

Miscellaneous

• Outstanding Shares: 7,880,000
• Free Float: 5,675,000
• Market Cap: $16.78 million
• Optionable: Optionable
• Beta: 2.42