(RCON) Recon Technology - Ratings and Ratios

Recon Technology, Ltd. (NASDAQ: RCON) specializes in providing integrated solutions for the petroleum and energy industries in China. The company delivers a comprehensive range of products and services, including oilfield production equipment, industrial automation systems, and environmental treatment solutions. Its offerings encompass hardware, software, and on-site services tailored to enhance efficiency and compliance in oil and gas operations. Recon Technology also focuses on designing and implementing solutions for sewage and oily sludge treatment, further addressing environmental challenges in the energy sector. Additionally, the company operates in the digital transformation space, providing intelligent marketing systems and digitalization solutions for gas stations. Its services extend to upgrading and maintaining online platforms for gas station operations, marketing, and promotional activities. Recon Technology is also engaged in improving the production efficiency of exploited oil wells and participates in plastic chemical recycling initiatives. The company, incorporated in 2007 and headquartered in Beijing, China, serves as a key player in the Oil & Gas Equipment & Services sector.

3-Month Forecast: Based on the provided data, Recon Technologys stock (RCON) is expected to face headwinds. Technically, the stock is trading below its SMA20, SMA50, and SMA200, indicating bearish momentum. The low average volume of 7,110 shares suggests limited market interest. The ATR of 0.15 signals low volatility, but the stocks last price of $1.75, below its moving averages, points to potential weakness. Fundamentally, the companys negative RoE of -10.81% and low P/S ratio of 0.86 reflect financial challenges. With a P/B ratio of 0.84, the stock may be undervalued, but the lack of positive earnings growth could limit upside potential. Overall, the stock is likely to remain under pressure in the near term, with a possible sideways or downward trend.