Media coverage about Recon Technology (NASDAQ:RCON) has been trending positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Recon Technology earned a media sentiment score of 0.27 on Accern’s scale. Accern also assigned media headlines about the oil and gas company an impact score of 44.9374991541436 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Recon Technology traded up $0.13, hitting $1.55, during midday trading on Tuesday, according to MarketBeat.com. 1,491,100 shares of the company were exchanged, compared to its average volume of 850,115. Recon Technology has a 1-year low of $0.64 and a 1-year high of $5.36. The company has a quick ratio of 4.30, a current ratio of 4.49 and a debt-to-equity ratio of 0.09.
Get Recon Technology alerts: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 for the quarter. Recon Technology had a negative return on equity of 47.79% and a negative net margin of 48.08%.
Separately, Maxim Group initiated coverage on Recon Technology in a report on Tuesday, June 12th. They set a “buy” rating and a $2.50 target price on the stock.
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.
No comments:
Post a Comment