Mincon Group (LON:MCON) Hits New 1-Year High – Here’s What Happened

Shares of Mincon Group plc (LON:MCON) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 64 and last traded at GBX 59.25, with a volume of 18121 shares traded. The stock had previously closed at GBX 64.

Analyst Ratings Changes

A number of research analysts have recently commented on MCON shares. Jefferies Financial Group reissued a “house stock” rating on shares of Mincon Group in a report on Tuesday, August 4th. Shore Capital Group reaffirmed a “house stock” rating on shares of Mincon Group in a report on Wednesday, April 29th.

Mincon Group Stock Down 7.4%

The firm has a market cap of £125.89 million, a price-to-earnings ratio of 23.61 and a beta of 0.14. 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 stock’s 50 day moving average is GBX 59.47 and its 200 day moving average is GBX 57.05.

Mincon Group Company Profile

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.