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

Mincon Group plc (LON:MCON) hit a new 52-week high on Monday . The company traded as high as GBX 64 and last traded at GBX 59.25, with a volume of 18121 shares changing hands. The stock had previously closed at GBX 64.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MCON. Shore Capital Group restated a “house stock” rating on shares of Mincon Group in a research note on Wednesday, April 29th. Jefferies Financial Group restated a “house stock” rating on shares of Mincon Group in a report on Tuesday, August 4th.

Mincon Group Stock Down 3.7%

The company has a market cap of £125.89 million, a P/E ratio of 23.61 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. The company’s 50-day moving average is GBX 59.38 and its two-hundred day moving average is GBX 57.28.

About Mincon Group

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.