RCON (RCON, Financial) experienced a significant stock price increase of 9.15%, reaching $2.26 per share. The trading volume was 1,643 shares, with a turnover rate of 0.01% and a price fluctuation of 5.07%. Recent financial reports show RCON generated $9.53 million in revenue, with a net loss of $6.90 million and an earnings per share of -$1.37. The company posted a gross profit of $2.89 million, resulting in a price-to-earnings ratio of -27.12. Currently, there are no institutional ratings available for RCON.
In the oil and gas equipment and services sector, where RCON operates, the overall market saw a modest increase of 0.23%. Notable performers in this sector included Weatherford International, Expro Group Holdings N.V., and Innovex International, Inc., which saw significant gains. Weatherford International, ChampionX Corporation, and Liberty Energy Inc. were among the most active stocks, with turnover rates of 1.34%, 1.11%, and 1.06%, respectively. Stocks with notable price fluctuations included Leishen Energy Holding Co., Ltd., Dawsons Geophysical Company, and Smart Sand, Inc., with fluctuations of 13.59%, 9.92%, and 8.23% respectively.
RCON is a field services company providing oilfield automation products, specialized equipment for oil and gas production and transportation, chemicals, and field services to oil companies in the People's Republic of China. It operates through four segments: automation products and software, equipment and accessories, platform outsourcing services, and oilfield environmental protection. The majority of its revenue comes from the automation products and software segment, offering products like pump controllers, gas flow computer systems, wireless dynamometers, wireless pressure gauges, and an oilfield monitoring and data acquisition system.
