Mincon Group (LON:MCON) Hits New 12-Month High – What’s Next?

Mincon Group plc (LON:MCON)’s share price reached a new 52-week high during trading on Wednesday. The company traded as high as GBX 80.95 and last traded at GBX 80.95, with a volume of 24278 shares. The stock had previously closed at GBX 75.50.

Wall Street Analyst Weigh In

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 7.2%

The stock has a market cap of £172.00 million, a price-to-earnings ratio of 17.01 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 firm’s 50-day simple moving average is GBX 65.11 and its two-hundred day simple moving average is GBX 61.47.

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.