Mincon Group (LON:MCON) Reaches New 1-Year High – Time to Buy?

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

Analyst Upgrades and Downgrades

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

Mincon Group Price Performance

The stock has a market cap of £172.00 million, a P/E ratio of 17.01 and a beta of 0.14. The business’s fifty day moving average price is GBX 65.11 and its 200 day moving average price is GBX 61.47. 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.