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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).
Taking a Further Step into the International Market
Recon Technology (RCON) has been downgraded by TheStreet Ratings from Hold to Sell with a ratings score of D+.
Audited Fiscal Year 2014 Results Expected To Be Announced on September 29, 2014
These stocks look ready to break out and trade higher from current levels.
Partnering With ABB Seen As Enhancing Growth Prospects by Expanding Products and Services Offerings
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.