Mincon Group (LON:MCON) Hits New 1-Year High – Here’s What Happened

Mincon Group plc (LON:MCON) shares 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 64, with a volume of 49 shares trading hands. The stock had previously closed at GBX 61.20.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on MCON shares. Shore Capital Group reaffirmed a “house stock” rating on shares of Mincon Group in a research note on Wednesday, April 29th. Jefferies Financial Group restated a “house stock” rating on shares of Mincon Group in a report on Tuesday, August 4th.

Mincon Group Price Performance

The firm has a market capitalization of £135.98 million, a P/E ratio of 25.50 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 moving average of GBX 60 and a two-hundred day moving average of GBX 58.15.

Mincon Group Company Profile

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.