Shares of Recon Technology, Ltd. (NASDAQ:RCON – Free Report) are going to reverse split on the morning of Wednesday, May 1st. The 1-18 reverse split was announced on Thursday, April 25th. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, April 30th.
Recon Technology Trading Up 11.0 %
Shares of RCON opened at $0.09 on Friday. The company has a 50-day moving average of $0.14 and a two-hundred day moving average of $0.21. Recon Technology has a one year low of $0.07 and a one year high of $0.43.
Analyst Ratings Changes
Separately, StockNews.com initiated coverage on shares of Recon Technology in a research report on Friday, April 19th. They set a “sell” rating 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 components and parts related to oilfield production and other energy industries; and develops and sells industrial automation control and information solutions.
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