Mincon Group (LON:MCON) Hits New 52-Week High – Here’s What Happened

Mincon Group plc (LON:MCON)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 64 and last traded at GBX 60.71, with a volume of 42146 shares changing hands. The stock had previously closed at GBX 61.49.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on MCON shares. Jefferies Financial Group reiterated a “house stock” rating on shares of Mincon Group in a research report on Tuesday, August 4th. Shore Capital Group reaffirmed a “house stock” rating on shares of Mincon Group in a research note on Wednesday, April 29th.

Mincon Group Price Performance

The stock has a market capitalization of £128.99 million, a P/E ratio of 24.19 and a beta of 0.14. The company has a debt-to-equity ratio of 18.63, a quick ratio of 1.07 and a current ratio of 3.13. The stock has a 50-day simple moving average of GBX 59.56 and a 200 day simple moving average of GBX 57.64.

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.