Recon Technology (RCON, Financial) experienced a significant drop of 5.41% in its stock price to $2.80 per share. The trading volume reached 30,236 shares with a turnover rate of 0.11% and an amplitude of 10.81%.
The recent financial report revealed that the company achieved revenue of $6.25 million, a net loss of $3.12 million, an earnings per share (EPS) of -$1.14, and a gross profit of $1.67 million. The price-to-earnings (P/E) ratio stood at -0.86. Currently, there are no institutional ratings available for the stock, with no buy, hold, or sell recommendations.
In the broader sector of Oil & Gas Equipment & Services, the overall growth was 0.10%. Other notable stocks in this sector include Enerflex Ltd, Geospace Technologies Corp, and Profrac Holding Corp, which saw significant gains. Active stocks such as Enservco Corp, Nine Energy Service, and Landbridge Co Llc had turnover rates of 2.82%, 2.45%, and 1.34% respectively. Stocks with high volatility include Nine Energy Service (20.16%), Enservco Corp (15.83%), and Recon Technology (10.81%).
Recon Technology Ltd is a leading oilfield service company specializing in the sale of oilfield automation products, oil & gas production transportation equipment, and engineering services. The company operates in four main segments: Automation Products & Software, Equipment & Accessories, Platform Outsourcing Services, and Oilfield Environmental Protection. The Automation Products & Software segment contributes the majority of the company's revenue.
