Recon Technology (NASDAQ:RCON) Posts Earnings Results, Beats Estimates By $0.47 EPS

Recon Technology (NASDAQ:RCON) released its earnings results on Thursday. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.51) by $0.47, FiscalAI reports.

Recon Technology Stock Performance

RCON opened at $1.02 on Friday. The firm has a 50-day simple moving average of $1.32 and a two-hundred day simple moving average of $1.54. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.24 and a quick ratio of 5.86. Recon Technology has a 52 week low of $1.00 and a 52 week high of $7.16.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Recon Technology in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Recon Technology Company Profile

Recon Technology Ltd, through its subsidiaries, specializes in the design, development, manufacturing and sale of nondestructive testing (NDT) equipment and wireless communication products. The company’s NDT portfolio comprises ultrasonic flaw detectors, thickness gauges, phased array systems, eddy current instruments and digital radiography imaging equipment. These solutions enable precision inspection of welds, pipelines, pressure vessels and structural components across a range of industries.

In addition to hardware, Recon Technology provides software for data acquisition, image processing and reporting, as well as calibration, training and technical support services.