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

by · The Markets Daily

Mincon Group plc (LON:MCON – Get Free Report) shares reached a new 52-week high on Thursday . The company traded as high as GBX 48 and last traded at GBX 48, with a volume of 1237 shares traded. The stock had previously closed at GBX 46.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Report on MCON

Mincon Group Stock Performance

The stock’s 50 day moving average price is GBX 45.73 and its 200 day moving average price is GBX 40.81. The company has a debt-to-equity ratio of 25.34, a quick ratio of 1.07 and a current ratio of 3.37. The company has a market capitalization of £97.74 million, a P/E ratio of 22.44 and a beta of 0.20.

Mincon Group Company Profile

(Get Free Report)

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.

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