Mincon Group (LON:MCON) Hits New 1-Year High – Here’s What Happened

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

Wall Street Analyst Weigh In

MCON has been the topic of several recent analyst reports. Jefferies Financial Group restated a “house stock” rating on shares of Mincon Group in a report on Tuesday, August 4th. Shore Capital Group restated a “house stock” rating on shares of Mincon Group in a report on Wednesday, April 29th.

Mincon Group Stock Performance

The firm’s fifty day moving average is GBX 60 and its 200 day moving average is GBX 58.15. The firm has a market capitalization of £135.98 million, a price-to-earnings ratio of 25.50 and a beta of 0.14. The company has a debt-to-equity ratio of 18.63, a current ratio of 3.13 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.