Recon Technology (NASDAQ:RCON) Sees Strong Trading Volume – Here’s What Happened

Shares of Recon Technology, Ltd. (NASDAQ:RCON) saw unusually-high trading volume on Tuesday . Approximately 226,474 shares were traded during mid-day trading, an increase of 574% from the previous session’s volume of 33,607 shares.The stock last traded at $6.0180 and had previously closed at $4.48.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Recon Technology in a report on Tuesday, June 9th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Recon Technology Trading Up 9.9%

The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.23 and a current ratio of 4.24. The firm has a 50 day moving average price of $70.03 and a 200-day moving average price of $150.42.

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.