Recon Technology (RCON) shares gain after the company receives contract (subcontractor) qualification from Jianghan Oilfield Construction Engineering Company, a subsidiary of China Petroleum & Chemical (SNP).
Recon Technology (RCON) has been downgraded by TheStreet Ratings from Hold to Sell with a ratings score of D+.
TheStreet Quant Ratings provides fair and objective information to help you make educated investing decisions. We rate over 4,300 stocks daily and provide 5-page PDF reports for each stock. These ratings can change daily and today's changes are reflected in the email below. If you are looking to check-up on the stocks you currently own or are looking for new ideas, you can find our full database of password-protected ratings reports in our proprietary ratings screener: http://www.thestreet.com/k/qr/flat/stock-screener.html Upgrades: AVGO, EVBS, GCA, HIL, POST, RRST, SCVL Downgrades: AMSWA, DPW, MPET, PSUN, RCON, RY, SID Initiations: SYRX Read on to get TheStreet Quant Ratings' detailed report:
These stocks look ready to break out and trade higher from current levels.
When a stock makes a large-percentage move, it is often just the start of a new major trend -- a trend that can lead to huge profits.
These stocks look poised to break out and trade higher from current levels.
Recon Technology (RCON) hits a one-year high after the Chinese oilfield services provider announced its second-quarter earnings results. Recon reported revenue of $7.6 million, a 0.6% increase year over year. Gross profit rose 17.9% to $2.7 million, while gross margin increased to 35.7% from 30.5%. Earnings per diluted share were 23 cents, which marked a 2.8% year-over-year increase. Non-GAAP net income increased 24.3% to $1.5 million, while non-GAAP diluted EPS was 36 cents.
These under-$10 stocks look ready to trade higher from current levels.
Upgrades: GME, KIRK, LAMR, RCON Downgrades: ACO, CIX, EW, JMBA, NEWS, PNY, PRLS, TFSL, UNTD Initiations: VRNG Read on to get TheStreet Quant Ratings' detailed report:
Upgrades: BONA, CNET, EXPR, FFNW, KONG, LGND, MASI, PERI, RAD, SEAC, SIF, TNAV, UMH Downgrades: BREW, CDI, CEVA, CYD, ESE, GAIA, GKNT, GSIG, IMO, KVHI, OPLK, ORBC, OUTD, POWR, RCON, RVM, SEM Initiations: EAC, FET, MRC, OAK, PSX, TCPC
Recon Technology (Nasdaq:RCON) has been downgraded by TheStreet Ratings from from a hold to sell.
TheStreet Ratings released rating changes on 43 U.S. common stocks for week ending March 22, 2013. 21 stocks were upgraded and 22 stocks were downgraded by our stock model.
Recon Technology (Nasdaq:RCON) has been upgraded by TheStreet Ratings from a sell to hold.
Regardless of the reason behind it, when a stock makes a large-percentage move, it is often just the start of a new major trend -- a trend that can lead to huge profits.
