Mincon Group (LON:MCON) Sets New 1-Year High – Here’s Why

Shares of Mincon Group plc (LON:MCON) reached a new 52-week high on Monday . The company traded as high as GBX 45 and last traded at GBX 45, with a volume of 2882 shares changing hands. The stock had previously closed at GBX 42.48.

Analysts Set New Price Targets

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

Mincon Group Trading Down 0.5%

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 market cap of £96.14 million, a P/E ratio of 22.07 and a beta of 0.20. The stock has a 50-day moving average price of GBX 40.12 and a 200-day moving average price of GBX 37.29.

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.