RCON (Recon Technology, Ltd) recently experienced a significant stock dip, with prices plummeting by 5.22%. The current trading value stands at $2.18 per share, with a volume of 8,230 shares and a turnover rate of 0.03%. The stock has seen a price fluctuation of 7.39%.
Recent financial reports reveal that RCON reported operating revenue of $9.53 million and a net loss of $6.90 million, resulting in an earnings per share of -$1.37. The company's gross profit was reported at $2.89 million, with a negative price-to-earnings ratio of -28.97.
Currently, there are no institutional ratings for RCON stock indicating a 'buy', 'hold', or 'sell' position. Within the oil and gas equipment and services sector, where RCON operates, the overall industry decline has been 0.87%.
Other significant players in the sector include Landbridge Company Llc, Enerflex Ltd, and Natural Gas Services Group, Inc., which have shown notable gains. Kodiak Gas Services, Inc., Landbridge Company Llc, and Nine Energy Service are active stocks with turnover rates of 1.59%, 1.48%, and 0.97%, respectively. Landbridge Company Llc, RCON, and Nine Energy Service have experienced significant price fluctuations of 14.90%, 7.83%, and 7.66%, respectively.
RCON is a leading oilfield service company, specializing in the sale of automation products, oil and gas production, transportation equipment, and engineering services. The company operates through four segments: automation products and software, equipment and accessories, platform outsourcing services, and oilfield environmental protection, with the majority of revenue coming from the automation products and software segment.
