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Recon Technology, Ltd (NASDAQ:RCON) is a limited liability company. The Company provides hardware, software, and on-site services to companies in the petroleum mining and extraction industry in People's Republic of China. It provides services designed to automate and enhance the extraction of petroleum. It controls by contract the PRC companies of Beijing BHD Petroleum Technology Co., Ltd., Nanjing Recon Technology Co., Ltd. and Jining ENI Energy Technology Co., Ltd. (collectively, the Domestic Companies). Its business is focused on the upstream sectors of the oil and gas industry. Its products and services involve procedures of the extraction and production of oil and gas, and include automation systems, equipment, tools and on-site technical services.
Recon Technology, Ltd (NASDAQ:RCON) is a limited liability company. The Company provides hardware, software, and on-site services to companies in the petroleum mining and extraction industry in People's Republic of China. It provides services designed to automate and enhance the extraction of petroleum. It controls by contract the PRC companies of Beijing BHD Petroleum Technology Co., Ltd., Nanjing Recon Technology Co., Ltd. and Jining ENI Energy Technology Co., Ltd. (collectively, the Domestic Companies). Its business is focused on the upstream sectors of the oil and gas industry. Its products and services involve procedures of the extraction and production of oil and gas, and include automation systems, equipment, tools and on-site technical services.
Will RCON Bounce Back From Here or Will Go Down Continuously : FIND OUT HERE
Recon Technology, (NCM:RCON) is very active today and traded between $1.87 - 3.44 with total traded volume of 2238752 shares. At a current price of 1.95, RCON is -0.81 - -29.35% from the previous close of $2.76. Moreover, At Current Market Price, RCON is in distance of +33.80% from its 50-day Moving Average price of $1.4574 and +10.41% from its 200-day Moving Average price of $1.7661. Recon Technological innovation, Ltd (RCON), a good oilfield products and services supplier that will functions generally from the Individual's Republic regarding China and taiwan (the "Company"), currently declared its monetary effects pertaining to primary quarter budgetary 12 months 2013 concluded Sept 30, 2012. Total gross income pertaining to Q1 FY '13 increased through 83. 19% to be able to RMB 9. 05 zillion ($1. 49 million), owing mainly to be able to increased requirements regarding furnaces. Major income pertaining to Q1 FY '13 were RMB2. forty five zillion ($386 thousand), when compared with RMB only two. 48 zillion regarding Q1 FY '12. Comprehensive reduction because of common shareholders pertaining to Q1 FY '13 seemed to be RMB2. thirty four zillion ($370 thousand), some sort of 31. 16% lessen through Q1 FY '12. Diluted losses every discuss because of common shareholders pertaining to Q1 FY '13 seemed to be RMB0. fifty nine ($0. 09), a noticable difference regarding 31. 39% through diluted losses every discuss regarding RMB0. 86 inside Q1 FY '12. Adapt EBITDA inside Q1 FY '13 seemed to be some sort of decrease of RMB1. forty five zillion ($229 thousand), a noticable difference regarding 48. 26% through Q1 FY '12.
Should Investor Hold Or book PRofit From RCON : FIND NOW
This particular media generate contains forward-looking phrases while identified from the Exclusive Investments A lawsuit Reform React associated with 1995. Forward-looking phrases incorporate phrases relating to plans, goals, targets, methods, future functions or maybe functionality, and underlying presumptions and also other phrases that are besides phrases associated with fantastic specifics. These kind of phrases tend to be subject to uncertainties and risks which includes, but not on a, solution and services need and acceptance, modifications within technology, economic ailments, the result associated with opposition and costs, authorities regulation, and also other risks in stories registered from the company while using the Investments and Exchange Payment. Almost all like forward-looking phrases, no matter whether created or maybe oral, and no matter whether made by or maybe on behalf of the corporation, tend to be exclusively skilled from the cautionary phrases and some other cautionary phrases which might go along with the forward-looking phrases. Furthermore, the corporation disclaims any obligation for you to bring up to date any forward-looking phrases for you to reflect functions or maybe circumstances following the date hereof.
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