Mincon Group (LON:MCON) Hits New 1-Year High – Should You Buy?

Mincon Group plc (LON:MCON) shares hit a new 52-week high on Tuesday . The company traded as high as GBX 63 and last traded at GBX 63, with a volume of 15620 shares changing hands. The stock had previously closed at GBX 59.50.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Mincon Group in a report on Wednesday, April 29th.

Mincon Group Price Performance

The firm has a 50-day simple moving average of GBX 59.26 and a two-hundred day simple moving average of GBX 54.42. The company has a market capitalization of £133.86 million, a price-to-earnings ratio of 25.10 and a beta of 0.12. The company has a current ratio of 3.32, a quick ratio of 1.07 and a debt-to-equity ratio of 22.51.

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.