Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Recon Technology (RCON) Stock Price

Headlines about Recon Technology (NASDAQ:RCON) have trended somewhat positive this week, Accern reports. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Recon Technology earned a news sentiment score of 0.25 on Accern’s scale. Accern also assigned press coverage about the oil and gas company an impact score of 45.3281467002621 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the news stories that may have effected Accern’s scoring:

Separately, Maxim Group assumed coverage on Recon Technology in a report on Tuesday. They issued a “buy” rating and a $2.50 target price for the company.

Shares of Recon Technology stock traded down $0.03 on Thursday, reaching $1.29. The company had a trading volume of 500 shares, compared to its average volume of 900,776. The company has a current ratio of 4.49, a quick ratio of 4.30 and a debt-to-equity ratio of 0.09. Recon Technology has a 1 year low of $0.64 and a 1 year high of $5.36.

Recon Technology (NASDAQ:RCON) last announced its earnings results on Tuesday, May 15th. The oil and gas company reported ($0.06) EPS for the quarter. The company had revenue of $2.64 million during the quarter. Recon Technology had a negative return on equity of 47.79% and a negative net margin of 48.08%.

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 develops and sells industrial automation control and information solutions.

Insider Buying and Selling by Quarter for Recon Technology (NASDAQ:RCON)

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