Mincon Group (LON:MCON) Shares Down 3.7% – Here’s Why

Mincon Group plc (LON:MCON – Get Free Report) traded down 3.7% during mid-day trading on Wednesday . The stock traded as low as GBX 56.20 and last traded at GBX 57.80. 34,141 shares traded hands during trading, an increase of 16% from the average session volume of 29,559 shares. The stock had previously closed at GBX 60.

Analysts Set New Price Targets

Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of Mincon Group in a research report on Wednesday, April 29th.

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Mincon Group Stock Performance

The stock has a market capitalization of £122.81 million, a price-to-earnings ratio of 23.03 and a beta of 0.10. The company’s fifty day simple moving average is GBX 59.83 and its 200 day simple moving average is GBX 51.10. The company has a quick ratio of 1.07, a current ratio of 3.32 and a debt-to-equity ratio of 22.51.

About Mincon Group

(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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