Mincon Group (LON:MCON) Reaches New 12-Month High – Here’s What Happened

Mincon Group plc (LON:MCON)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 48 and last traded at GBX 48, with a volume of 1237 shares changing hands. The stock had previously closed at GBX 46.

Analysts Set New Price Targets

Separately, Shore Capital restated a “house stock” rating on shares of Mincon Group in a research report on Thursday, October 23rd.

Mincon Group Stock Performance

The company has a debt-to-equity ratio of 25.34, a quick ratio of 1.07 and a current ratio of 3.37. The business has a 50 day moving average price of GBX 45.64 and a two-hundred day moving average price of GBX 40.66. The company has a market cap of £101.99 million, a P/E ratio of 23.41 and a beta of 0.20.

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.