RCON Stock Dips by 5.41% Amid Latest Financial Data Release

Company Overview - Recon Technology (RCON) experienced a significant drop of 5.41% in its stock price, reaching $2.80 per share [1] - The company reported a revenue of $6.25 million and a net loss of $3.12 million, resulting in an earnings per share (EPS) of -$1.14 [1] - The gross profit for the company was $1.67 million, with a price-to-earnings (P/E) ratio of -0.86 [1] - Currently, there are no institutional ratings available for Recon Technology, with no buy, hold, or sell recommendations [1] Industry Context - The Oil & Gas Equipment & Services sector experienced an overall growth of 0.10% [2] - Notable stocks in this sector include Enerflex Ltd, Geospace Technologies Corp, and Profrac Holding Corp, which saw significant gains [2] - Active stocks such as Enservco Corp, Nine Energy Service, and Landbridge Co Llc had turnover rates of 2.82%, 2.45%, and 1.34% respectively [2] - Stocks with high volatility include Nine Energy Service (20.16%), Enservco Corp (15.83%), and Recon Technology (10.81%) [2] Business Segments - Recon Technology is a leading oilfield service company specializing in oilfield automation products, oil & gas production transportation equipment, and engineering services [2] - The company operates in four main segments: Automation Products & Software, Equipment & Accessories, Platform Outsourcing Services, and Oilfield Environmental Protection [2] - The Automation Products & Software segment contributes the majority of the company's revenue [2]