Stock News in Focus: Recon Technology, Ltd. (NASDAQ:RCON)

Recon Technology, Ltd. (NASDAQ:RCON) (RCON) stock observed trading -79.06% off 52-week high price. On the other end, the stock has been noted -32.32% away from low price over the last 52-weeks. The stock disclosed a move of -50.66% away from 50 day moving average and -65.73% away from 200 day moving average. Moving closer, we can see that shares have been trading -47.70% off 20-day moving average. It has market cap of $5.01M.

On March 18, 2020, Recon Technology, Ltd. (NASDAQ:RCON) declared its financial results for the first six months of fiscal year 2020.

First Six Months of Fiscal 2019 Financial:

  • Total revenues for the six months ended December 31, 2019 decreased by 28.1% to $4.4 million (RMB30.4 million).
  • Total cost of revenues for the six months ended December 31, 2019 decreased by 31.8% to $2.6 million (RMB18.4 million).
  • Gross profit for the six months ended December 31, 2019 was $1.7 million (RMB12.0 million). Gross profit margin for the six months ended December 31, 2019 was 39.4%, an increase of 3.4 percentage points compared to the six months ended December 31, 2018.
  • Net loss attributable to Recon for the six months ended December 31, 2019 was $1.0 million (RMB6.7 million), or $0.22 (RMB1.51) per basic and diluted share, compared to RMB10.1 million, or RMB2.72 per basic and diluted share, for the six months ended December 31, 2018.

The China based company Recon Technology, Ltd. moved with change of -32.73% to $1.11 with the total traded volume of 37847 shares in recent session versus to an average volume of 60.06K. The stock was observed in the 5 days activity at -36.43%. The one month performance of stock was -47.30%. RCON’s shares are at -69.17% for the quarter and driving a -77.41% return over the course of the past year and is now at -51.74% since this point in 2018.  Right now the stock beta is 1.71. The average volatility for the week and month was at 16.43% and 17.13% respectively. There are 4.51M shares outstanding and 2.63M shares are floated in market.

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