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

Mincon Group plc (LON:MCON)’s share price reached a new 52-week high on Tuesday . The stock traded as high as GBX 63.75 and last traded at GBX 62, with a volume of 322140 shares trading hands. The stock had previously closed at GBX 56.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Jefferies Financial Group restated a “house stock” rating on shares of Mincon Group in a report on Tuesday. 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 stock’s 50-day simple moving average is GBX 59.43 and its 200 day simple moving average is GBX 56.81. 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 company has a market cap of £128.55 million, a price-to-earnings ratio of 24.10 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.