Mincon Group (LON:MCON) Reaches New 12-Month High – Time to Buy?

Shares of Mincon Group plc (LON:MCON) hit a new 52-week high during trading on Thursday . The company traded as high as GBX 52 and last traded at GBX 50, with a volume of 25285 shares trading hands. The stock had previously closed at GBX 50.50.

Analyst Upgrades and Downgrades

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

Mincon Group Trading Down 1.0%

The firm has a market capitalization of £106.24 million, a price-to-earnings ratio of 24.39 and a beta of 0.20. The business’s fifty day moving average is GBX 46.27 and its 200 day moving average is GBX 42.48. The company has a quick ratio of 1.07, a current ratio of 3.37 and a debt-to-equity ratio of 25.34.

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.