Mincon Group (LON:MCON) Hits New 52-Week High – Time to Buy?

Mincon Group plc (LON:MCON – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 63 and last traded at GBX 63, with a volume of 19657 shares traded. The stock had previously closed at GBX 60.50.

Analyst Ratings Changes

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 Down 3.3%

The firm’s 50-day moving average is GBX 59.26 and its 200 day moving average is GBX 55.90. The firm has a market capitalization of £124.30 million, a P/E ratio of 23.31 and a beta of 0.12. The company has a debt-to-equity ratio of 22.51, a quick ratio of 1.07 and a current ratio of 3.32.

Mincon Group Company Profile

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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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