Revenue Update on Recon Technology Ltd.(NASDAQ:RCON)

Recon Technology Ltd.(NASDAQ:RCON) announced the earnings results for Fiscal Year 2017 and Q2. The results came in during Pre-Market on Feb 13, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $0.07.

Recon Technology Ltd. (RCON) remained unchanged at the close of Wednesday session. Even as the volume increased to 52,453 ,the shares failed to make any impression and ended at 0 points or 0.00% at $1.3. The trading session commenced at $1.26 and the stock hit a high of $1.3289 and touched $1.25 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $2.22 and the 52-week low is $0.8585. The company has a market cap of $8.1 M and has approximately 62,30,792 outstanding shares.

Recon Technology Ltd. is a provider of hardware software and on-site services to companies in the petroleum mining and extraction industry in China (PRC). The Company provides services designed to automate and enhance the extraction of petroleum. It controls by contract the PRC companies of Beijing BHD Petroleum Technology Co. Ltd. and Nanjing Recon Technology Co. Ltd. (collectively Domestic Companies). Through its contractual relationships with the Domestic Companies the Company provides equipment tools and other hardware related to oilfield production and management and develops and sells its specialized industrial automation control and information solutions. It provides products and services to oil and gas field companies which focus on the development and production of oil and natural gas. Its products and services include Equipment for Oil and Gas Production and Transportation Oil and Gas Production Improvement Techniques and Automation System and Service.

Add Comment