Eye Catching Stock News: Recon Technology, Ltd. (NASDAQ:RCON)

Recon Technology, Ltd. (NASDAQ:RCON) stock identified change of 40.54% away from 52-week low price and recently located move of -70.57% off 52-week high price. It has market worth of $5.44MM. RCON stock has been recorded -28.56% away from 50 day moving average and -51.21% away from 200 day moving average. Moving closer, we can see that shares have been trading -22.86% off 20-day moving average.

On March 23,2020, Recon Technology, Ltd. (NASDAQ:RCON) released the operation result of DT Refuel mobile application (DT Refuel), which is developed by the Company’s subsidiary Future Gas Station (Beijing) Technology, Ltd (FGS). The single-day Gross Merchandise Value (GMV) of DT Refuel has hit a new high of $2.19 million (RMB15.32 million) on March 18, 2020.

DT Refuel acts as an e-commerce platform aiming at improving the refueling experience of car owners. It allows users to buy oil products and groceries and pay the fuel through their phones. It also provides navigation and enables users to query traffic violation through the application to make their daily lives easier.

As of March 19, 2020, DT Refuel has a total of 3.76 million registered users. Among them, 3 million users have paid refueling through the application at least once, and 1.46 million users have paid refueling through the application more than once.

From January 1 to March 19, 2020, DT Refuel’s total GMV was $57.18 million (RMB400.3 million), approximately equaling its total GMV of the first half in 2019. Its total GMV increased $19.68 million (RMB137.79 million) or 257.44% to $27.33 million (RMB191.31 million) year-over-year in January 2020 from January 2019. Its total GMV increased $3.58 million (RMB22.08 million) or 65.26% to $9.07 million (RMB63.5 million) year-over-year in February 2020 from February 2019. From March 1 to March 19, 2020, its total GMV was $20.78 million (RMB145.49 million), already 175% more than the total GMV in March 2019.

The Basic Materials sector company, Recon Technology, Ltd. noticed change of 3.31% to $1.56 along volume of 211 shares in recent session compared to an average volume of 60.34K. The stock observed return of -8.77% in 5 days trading activity. The stock was at -25.00% over one month performance. RCON’s shares are at -51.85% for the quarter and driving a -68.48% return over the course of the past year and is now at -32.17% since this point in 2018.

The average volatility for the week at 21.89% and for month was at 18.06%. There are 3.49M shares outstanding and 2.63M shares are floated in market. Right now the stock beta is 2.02.

Leave a Reply

Your email address will not be published. Required fields are marked *