Recon Technology (NASDAQ:RCON) Stock to Reverse Split on Tuesday, August 18th

Recon Technology, Ltd. (NASDAQ:RCON)’s stock is scheduled to reverse split on the morning of Tuesday, August 18th. The 1-200 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, August 17th.

Recon Technology Stock Performance

Shares of RCON traded down $0.00 during midday trading on Friday, hitting $0.03. The company had a trading volume of 57,435,991 shares, compared to its average volume of 43,383,276. Recon Technology has a 1 year low of $0.02 and a 1 year high of $3.15. 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 company’s 50-day simple moving average is $0.38 and its 200-day simple moving average is $0.79.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Recon Technology in a research report on Tuesday, June 9th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average 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.