Mincon Group (LON:MCON) Sets New 1-Year High – What’s Next?

Shares of Mincon Group plc (LON:MCON – Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as GBX 64 and last traded at GBX 62.40, with a volume of 62234 shares trading hands. The stock had previously closed at GBX 60.50.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued a “house stock” rating on shares of Mincon Group in a research note on Tuesday, August 4th.

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Mincon Group Trading Up 3.1%

The company’s 50-day moving average is GBX 60.50 and its 200 day moving average is GBX 58.87. The company has a current ratio of 3.13, a quick ratio of 1.07 and a debt-to-equity ratio of 18.63. The firm has a market cap of £132.58 million, a PE ratio of 24.86 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.

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