Mincon Group (LON:MCON) Sets New 12-Month High – Here’s Why

Mincon Group plc (LON:MCON) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 64 and last traded at GBX 62.40, with a volume of 62234 shares changing hands. The stock had previously closed at GBX 60.50.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reiterated a “house stock” rating on shares of Mincon Group in a report on Tuesday, August 4th.

Mincon Group Stock Performance

The company has a market cap of £132.77 million, a PE ratio of 13.13 and a beta of 0.14. The stock’s 50 day simple moving average is GBX 60.74 and its two-hundred day simple moving average is GBX 58.98. The company has a quick ratio of 1.07, a current ratio of 3.13 and a debt-to-equity ratio of 18.63.

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.