At the end of the latest market close, Recon Technology Ltd. (RCON) was valued at $2.85. In that particular session, Stock kicked-off at the price of $2.88 while reaching the peak value of $3.56 and lowest value recorded on the day was $2.70. The stock current value is $3.50.
Recently in News on February 8, 2021, Recon Announces Owning 51% of FGS. Recon Technology, Ltd. (NASDAQ: RCON), (“Recon” or the “Company”), today announced that two of its subsidiaries entered into the fourth supplemental agreement to the investment agreement with Future Gas Station (Beijing) Technology, Ltd (“FGS”) and FGS’ founding shareholders on February 4, 2021 to acquire 8% equity ownership of FGS. The transaction has been closed. As a result, the Company owns 51% interest of FGS and will immediately begin to consolidate the financial results of FGS from January 2021, which will be reflected in the Company’s year-end financial results. You can read further details here
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Recon Technology Ltd. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $3.60 on 01/25/21, with the lowest value was $1.43 for the same time period, recorded on 01/05/21.
Recon Technology Ltd. (RCON) full year performance was 65.09%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Recon Technology Ltd. shares are logging -36.94% during the 52-week period from high price, and 366.67% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.75 and $5.55.
The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 6624467 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Recon Technology Ltd. (RCON) recorded performance in the market was 138.10%, having the revenues showcasing 224.07% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 24.08M, as it employees total of 134 workers.
Analysts verdict on Recon Technology Ltd. (RCON)
During the last month, 0 analysts gave the Recon Technology Ltd. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 1.47, with a change in the price was noted +2.61. In a similar fashion, Recon Technology Ltd. posted a movement of +292.16% for the period of last 100 days, recording 1,641,400 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for RCON is recording 0.25 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.06.
Recon Technology Ltd. (RCON): Technical Analysis
Raw Stochastic average of Recon Technology Ltd. in the period of last 50 days is set at 95.88%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 94.65%. In the last 20 days, the company’s Stochastic %K was 70.46% and its Stochastic %D was recorded 60.52%.
Let’s take a glance in the erstwhile performances of Recon Technology Ltd., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 138.10%. Additionally, trading for the stock in the period of the last six months notably improved by 207.02%, alongside a boost of 65.09% for the period of the last 12 months. The shares increased approximately by 29.15% in the 7-day charts and went down by 113.41% in the period of the last 30 days. Common stock shares were driven by 224.07% during last recorded quarter.