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Last $1.49 USD
Change Today +0.0099 / 0.67%
Volume 56.9K
RCON On Other Exchanges
Symbol
Exchange
NASDAQ CM
Frankfurt
As of 8:10 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

recon technology ltd (RCON) Snapshot

Open
$1.52
Previous Close
$1.48
Day High
$1.54
Day Low
$1.43
52 Week High
10/29/14 - $5.47
52 Week Low
01/26/15 - $1.27
Market Cap
7.5M
Average Volume 10 Days
44.3K
EPS TTM
$-0.10
Shares Outstanding
5.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for RECON TECHNOLOGY LTD (RCON)

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recon technology ltd (RCON) Details

Recon Technology, Ltd. provides hardware, software, and on-site services to companies in the petroleum mining and extraction industry in the People’s Republic of China. It offers equipment, tools, and other hardware related to oilfield production and management; and develops and sells industrial automation control and information solutions. The company provides oil and gas production and transportation equipment, such as heating furnaces and burners. It also offers oil and gas production increasing techniques comprising packers of fracturing; production packers; sand prevention in oil and water wells; water locating and plugging technique; fissure shaper technique to increase perforation depth, shape stratum fissures, and enhance stratum diversion capability; fracture acidizing technique; and electronic broken-down service to resolve block-up and freezing problems. In addition, the company provides automation systems and services, including pumping unit controller that monitors the pumping units and collects data; RTU to monitor natural gas wells and collect gas well pressure data; wireless dynamometers and wireless pressure gauges; electric multi-way valves for oilfield metering station flow control; and natural gas flow computer systems. Further, it offers Recon SCADA oilfield monitor and data acquisition system for supervision and data collection; EPC service of pipeline SCADA system for pipeline monitoring and data acquisition; EPC service of oil and gas wells SCADA system for monitoring and data acquisition of oil wells and natural gas wells; EPC service of oilfield video surveillance and control system to control the oil and gas wellhead, and measurement station areas; and technique service for digital oilfield transformation. The company was incorporated in 2007 and is headquartered in Beijing, the People’s Republic of China.

89 Employees
Last Reported Date: 09/29/14
Founded in 2007

recon technology ltd (RCON) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $135.9K
Chief Technology Officer and Director
Total Annual Compensation: $123.6K
Compensation as of Fiscal Year 2014.

recon technology ltd (RCON) Key Developments

Recon Technology, Ltd. Becomes Qualified Contractor (Subcontractor) for Jianghan Oilfield Construction Engineering Company

Recon Technology, Ltd. announced that the company has received Contractor (Subcontractor) Qualification from Jianghan Oilfield Construction Engineering Company (JOCEC). The Qualification, which is valid for one year from June 4, 2015 and extendable on a yearly basis thereafter, qualifies Recon as a general contractor (subcontractor) to participate in certain construction and engineering projects at JOCEC ranging from the expansion and renovation of existing facilities to the construction of new facilities. In connection with the Qualification, the company also announced that it has secured a contract with JOCEC worth approximately RMB 550,000.

Recon Technology Seeks Acquisitions

Recon Technology, Ltd. (NasdaqCM:RCON) has filed a Follow-on Equity Offering in the amount of $10.00 million. It intends to use proceeds for working capital and other general corporate purposes including acquisition of complementary assets or businesses, which we have not identified yet.

Recon Announces Cooperation with CNPC to Establish Pressure Container Service Center in Kazakhstan

Recon Technology, Ltd. announced that it had entered into a 5-year renewable cooperation agreement with Aktobe Petroleum Machinery Co. Ltd. with respect to the construction of technical service center for pressure containers such as heating furnaces and separators. Pursuant to this agreement, Recon and Aktobe Petroleum Machinery will work together to develop the marketing, sales, maintenance and related services for pressure containers in Kazakhstan.

 

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RCON Competitors

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Company Last Change
Anton Oilfield Services Group/Hong Kong $1.42 HKD -0.01
Beijing Etrol Technologies Co Ltd CNY20.14 CNY 0.00
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Industry Analysis

RCON

Industry Average

Valuation RCON Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.7x
Price/Book 0.5x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.2x
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