Mincon Group (LON:MCON) Reaches New 1-Year High – What’s Next?

Mincon Group plc (LON:MCON) hit a new 52-week high during trading on Thursday. The company traded as high as GBX 76 and last traded at GBX 75.45, with a volume of 9767 shares changing hands. The stock had previously closed at GBX 74.50.

Analyst Ratings Changes

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

Mincon Group Stock Up 1.3%

The business’s fifty day simple moving average is GBX 63.99 and its two-hundred day simple moving average is GBX 61.09. The company has a market cap of £160.31 million, a PE ratio of 15.85 and a beta of 0.14. The company has a debt-to-equity ratio of 18.63, a current ratio of 3.13 and a quick ratio of 1.07.

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.