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

Mincon Group plc (LON:MCON)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 63 and last traded at GBX 63, with a volume of 4139 shares changing hands. The stock had previously closed at GBX 58.

Analysts Set New Price Targets

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Mincon Group in a report on Wednesday, April 29th.

Mincon Group Price Performance

The company has a current ratio of 3.32, a quick ratio of 1.07 and a debt-to-equity ratio of 22.51. The stock has a fifty day simple moving average of GBX 59.41 and a 200-day simple moving average of GBX 55.09. The stock has a market cap of £133.86 million, a price-to-earnings ratio of 25.10 and a beta of 0.12.

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.