At the end of the latest market close, Recon Technology Ltd. (RCON) was valued at $0.71. In that particular session, Stock kicked-off at the price of $0.6978 while reaching the peak value of $0.89 and lowest value recorded on the day was $0.66. The stock current value is $0.82.Recently in News on May 11, 2022, Recon Announces 3-Year Oily Wastewater Treatment Service Agreement. Recon Technology, Ltd (NASDAQ: RCON) (“Recon” or the “Company”) today announced that the mainland China variable interest entity with whom its subsidiary, Recon Hengda Technology (Beijing) Co., Ltd. has entered into a 3-year service agreement with one domestic oilfield client to provide a complete-set of solutions for oily wastewater treatments. According to the actual production capacity of the client and the settlement terms set in the agreement, the contract amount is expected to be RMB3.5 million per year. You can read further details here
Recon Technology Ltd. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $1.6000 on 03/08/22, with the lowest value was $0.6200 for the same time period, recorded on 05/11/22.
Recon Technology Ltd. (RCON) full year performance was -90.82%
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 -95.31% during the 52-week period from high price, and 32.26% 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 $0.62 and $17.50.
The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 991742 for the day, which was evidently lower, 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 -37.40%, having the revenues showcasing -21.90% 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 25.49M, as it employees total of 184 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 1.0753, with a change in the price was noted -0.63. In a similar fashion, Recon Technology Ltd. posted a movement of -43.45% for the period of last 100 days, recording 1,396,033 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 0.07 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.01.
Recon Technology Ltd. (RCON): Technical Analysis
Raw Stochastic average of Recon Technology Ltd. in the period of last 50 days is set at 20.41%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 45.45%. In the last 20 days, the company’s Stochastic %K was 24.82% and its Stochastic %D was recorded 13.13%.
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 encouraging, given the fact the metric is recording -37.40%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -61.50%, alongside a downfall of -90.82% for the period of the last 12 months. The shares increased approximately by -4.16% in the 7-day charts and went up by -14.58% in the period of the last 30 days. Common stock shares were lifted by -21.90% during last recorded quarter.