Let’s start up with the current stock price of Recon Technology Ltd. (RCON), which is $6.14 to be very precise. The Stock rose vividly during the last session to $14.10 after opening rate of $13.15 while the lowest price it went was recorded $12.45 before closing at $12.74.
Recently in News on June 11, 2021, Recon Updates Progress on its Technology-Driven Solutions for Electric Submersible Progressing Cavity Pump with $5 Million Orders Secured. Recon Technology, Ltd (NASDAQ: RCON) (“Recon” or the “Company”) today announced that its subsidiary, Beijing BHD Petroleum Technology Limited, signed two contracts with North China E&P Company (the “North China Branch”) of China Petroleum & Chemical Corporation (“Sinopec”). Pursuant to these two contracts, the Company has provided technical service with ultra-deep electric submersible progressing cavity pump (“ESPCP”) to one gas well at the Dongsheng Field of the Second Gas Production Plant (the “Plant No. 2”) of the North China Branch and will provide the same service to another gas well at the Plant No. 2. Total amount of these two contracts is RMB 3,277,000 (approximately $0.51 million). You can read further details here
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 $17.50 on 06/11/21, 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 596.17%
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 -56.49% during the 52-week period from high price, and 718.00% 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 $14.10.
The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 24084035 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 766.67%, having the revenues showcasing 327.52% 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 255.05M, 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 6.16, with a change in the price was noted +5.84. In a similar fashion, Recon Technology Ltd. posted a movement of +333.71% for the period of last 100 days, recording 1,694,531 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 0.66 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 22.76%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 7.47%. In the last 20 days, the company’s Stochastic %K was 55.70% and its Stochastic %D was recorded 74.82%.
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 766.67%. Additionally, trading for the stock in the period of the last six months notably improved by 784.72%, alongside a boost of 596.17% for the period of the last 12 months. The shares increased approximately by -6.87% in the 7-day charts and went down by 53.12% in the period of the last 30 days. Common stock shares were driven by 327.52% during last recorded quarter.