RCON Tech confronted volatility as its stock price plummeted by 5.38%. The stock is trading at $2.48 per share with a volume of 16,437 shares and a turnover rate of 0.06%, showcasing a price fluctuation of 5.34%.
The latest financial report reveals RCON's revenue at $9.53 million, yet the company suffered a net loss of $6.90 million. The earnings per share stand at a negative $1.37, and the gross profit is reported as $2.89 million, placing its price-to-earnings ratio at negative 33.60.
No institutions have currently offered a "buy, hold, or sell" rating for RCON (RCON, Financial). Within the oil and gas equipment and services sector, the overall growth is 0.89%. Among its peers, Flotek Industries, Solaris Energy Infrastructure, Inc., and Landbridge Company LLC showed notable gains. Solaris Energy Infrastructure, Inc., Landbridge Company LLC, and Propetro Holding Corp. experienced significant trading activity with turnover rates of 1.80%, 0.95%, and 0.91%, respectively.
RCON, known for its oilfield services, focuses on selling oilfield automation products and providing equipment and engineering services for oil and gas production and transportation. It operates through four primary segments: automation products and software, equipment and accessories, platform outsourcing services, and oilfield environmental solutions. Most of its revenue is generated from the automation products and software segment.
