Mincon Group (LON:MCON) Shares Climb 7.7% – Still a Buy?

Mincon Group plc (LON:MCON) shares traded up 7.7% during mid-day trading on Thursday. The stock traded as high as GBX 70 and last traded at GBX 70. 16,257 shares traded hands during trading, a decline of 52% from the average session volume of 33,751 shares. The stock had previously closed at GBX 65.

Wall Street Analysts Forecast Growth

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

Mincon Group Trading Up 7.7%

The company has a debt-to-equity ratio of 18.63, a current ratio of 3.13 and a quick ratio of 1.07. The stock’s 50 day moving average is GBX 62.77 and its 200-day moving average is GBX 60.58. The company has a market capitalization of £148.73 million, a P/E ratio of 14.71 and a beta of 0.14.

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.