Mincon Group (LON:MCON) Hits New 1-Year High – Time to Buy?

Mincon Group plc (LON:MCON) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 48 and last traded at GBX 48, with a volume of 2 shares. The stock had previously closed at GBX 46.

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a “house stock” rating on shares of Mincon Group in a research report on Thursday, October 23rd.

Mincon Group Stock Up 4.3%

The firm has a market cap of £101.99 million, a P/E ratio of 23.41 and a beta of 0.20. The firm’s 50-day moving average price is GBX 45.69 and its 200 day moving average price is GBX 41.13. The company has a debt-to-equity ratio of 25.34, a current ratio of 3.37 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.