Mincon Group (LON:MCON) Reaches New 52-Week High – Here’s Why

Mincon Group plc (LON:MCONGet Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 64 and last traded at GBX 60.71, with a volume of 42146 shares traded. The stock had previously closed at GBX 61.49.

Wall Street Analyst Weigh In

MCON has been the topic of several research reports. Shore Capital Group reissued a “house stock” rating on shares of Mincon Group in a research note on Wednesday, April 29th. Jefferies Financial Group reaffirmed a “house stock” rating on shares of Mincon Group in a research note on Tuesday, August 4th.

View Our Latest Stock Analysis on Mincon Group

Mincon Group Stock Down 3.6%

The company has a quick ratio of 1.07, a current ratio of 3.13 and a debt-to-equity ratio of 18.63. The company has a fifty day simple moving average of GBX 59.80 and a 200 day simple moving average of GBX 57.89. The firm has a market capitalization of £126.00 million, a P/E ratio of 23.63 and a beta of 0.14.

Mincon Group Company Profile

(Get Free Report)

Mincon Group plc engages in the design, manufacture, sale, and servicing of rock drilling tools and associated products in Ireland, the Americas, Australasia, Europe, the Middle East, and Africa. The company offers drill rigs and mast attachments for excavators and skid steers; down the hole (DTH) hammers; DTH drill bits for various rock-drilling applications; rotary drill bits; and construction and geotechnical solutions, including foundation drilling, pipe pile-walls, fore poling, well drilling, and anchoring.

Further Reading

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