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

Mincon Group plc (LON:MCON)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 63 and last traded at GBX 63, with a volume of 4139 shares changing hands. The stock had previously closed at GBX 58.

Analyst Ratings Changes

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

Mincon Group Price Performance

The stock has a fifty day moving average of GBX 59.37 and a 200-day moving average of GBX 54.85. The company has a quick ratio of 1.07, a current ratio of 3.32 and a debt-to-equity ratio of 22.51. The firm has a market capitalization of £133.86 million, a P/E ratio of 25.10 and a beta of 0.12.

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.