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

Mincon Group plc (LON:MCON) reached a new 52-week high during trading on Thursday . The company traded as high as GBX 63 and last traded at GBX 63, with a volume of 19657 shares. The stock had previously closed at GBX 60.50.

Analysts Set New Price Targets

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

Mincon Group Price Performance

The firm has a 50-day moving average of GBX 59.23 and a 200-day moving average of GBX 55.77. The stock has a market cap of £133.86 million, a PE ratio of 25.10 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.

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.