Mincon Group (LON:MCON) Shares Up 0.1% – What’s Next?

Shares of Mincon Group plc (LON:MCON) shot up 0.1% during trading on Wednesday . The company traded as high as GBX 55 and last traded at GBX 53.89. 480 shares changed hands during trading, a decline of 98% from the average session volume of 28,214 shares. The stock had previously closed at GBX 53.83.

Wall Street Analysts Forecast Growth

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

Mincon Group Price Performance

The company has a current ratio of 3.32, a quick ratio of 1.07 and a debt-to-equity ratio of 22.51. The business’s fifty day moving average is GBX 59.41 and its 200 day moving average is GBX 52.96. The firm has a market capitalization of £114.50 million, a P/E ratio of 21.47 and a beta of 0.11.

About Mincon Group

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.