Mincon Group (LON:MCON) Reaches New 12-Month High – Time to Buy?

Mincon Group plc (LON:MCON) reached a new 52-week high on Monday . The stock traded as high as GBX 64 and last traded at GBX 64, with a volume of 49 shares traded. The stock had previously closed at GBX 61.20.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Shore Capital Group restated a “house stock” rating on shares of Mincon Group in a report on Wednesday, April 29th. Jefferies Financial Group reissued a “house stock” rating on shares of Mincon Group in a research report on Tuesday, August 4th.

Mincon Group Trading Up 4.1%

The company has a debt-to-equity ratio of 18.63, a current ratio of 3.13 and a quick ratio of 1.07. The stock’s 50 day moving average is GBX 60.24 and its 200-day moving average is GBX 58.38. The company has a market capitalization of £135.98 million, a P/E ratio of 25.50 and a beta of 0.14.

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.