Mincon Group (LON:MCON) Shares Down 6.5% – Here’s What Happened

Mincon Group plc (LON:MCONGet Free Report) shares dropped 6.5% during mid-day trading on Wednesday . The stock traded as low as GBX 42 and last traded at GBX 43.50. Approximately 43,871 shares traded hands during trading, an increase of 37% from the average daily volume of 31,955 shares. The stock had previously closed at GBX 46.50.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Report on MCON

Mincon Group Trading Up 0.7%

The stock has a market cap of £93.06 million, a PE ratio of 21.37 and a beta of 0.20. 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 stock has a fifty day moving average price of GBX 42.90 and a 200 day moving average price of GBX 39.

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.

Recommended Stories

Receive News & Ratings for Mincon Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mincon Group and related companies with MarketBeat.com's FREE daily email newsletter.