Recon Technology is a holding company. Through its subsidiaries, Co. provides hardware, software, and on-site services to companies primarily in the petroleum mining and extraction industry in China. Co. provides services designed to automate and improve the extraction of petroleum. Co. serves as the center of strategic management, financial control and human resources allocation for the Beijing BHD Petroleum Technology Co., Ltd. and Nanjing Recon Technology Co., Ltd. Co. provides equipment, tools and other hardware related to oilfield production and management and develops and sells Co.'s own industrial automation control and information solutions. We show 35 historical shares outstanding datapoints in our RCON shares outstanding history coverage, used to compute RCON market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing RCON market cap history over the course of time is important for investors
interested in comparing RCON's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of RCON versus a peer is one thing; comparing
RCON market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like RCON can fluctuate over the course of history.
With this page we aim to empower investors researching RCON by allowing them to research the RCON market cap history. |
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Video: The Importance of Market Cap
