Mincon Group (LON:MCON) Hits New 52-Week High – Time to Buy?

Mincon Group plc (LON:MCON) reached a new 52-week high during mid-day trading on Thursday. The stock traded as high as GBX 76 and last traded at GBX 75.45, with a volume of 9767 shares. The stock had previously closed at GBX 74.50.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group restated a “house stock” rating on shares of Mincon Group in a research note on Tuesday, August 4th.

Mincon Group Stock Performance

The company has a market cap of £160.31 million, a PE ratio of 15.85 and a beta of 0.14. The company has a current ratio of 3.13, a quick ratio of 1.07 and a debt-to-equity ratio of 18.63. The firm’s 50-day simple moving average is GBX 63.99 and its two-hundred day simple moving average is GBX 61.09.

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.