Mincon Group (LON:MCON) Shares Up 2.7% – Here’s Why

Mincon Group plc (LON:MCON) shares rose 2.7% during mid-day trading on Wednesday . The stock traded as high as GBX 58 and last traded at GBX 58. Approximately 75 shares were traded during trading, a decline of 100% from the average daily volume of 27,765 shares. The stock had previously closed at GBX 56.50.

Analyst Ratings Changes

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

Mincon Group Price Performance

The firm’s 50-day moving average is GBX 59.10 and its two-hundred day moving average is GBX 54.13. The company has a market cap of £123.23 million, a P/E ratio of 23.11 and a beta of 0.12. The company has a debt-to-equity ratio of 22.51, a current ratio of 3.32 and a quick ratio of 1.07.

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.