Mincon Group (LON:MCON) Shares Up 2.2% – Here’s Why

Mincon Group plc (LON:MCON)’s share price shot up 2.2% during trading on Wednesday. The stock traded as high as GBX 78.68 and last traded at GBX 78.68. Approximately 27,942 shares traded hands during mid-day trading, a decline of 24% from the average session volume of 36,915 shares. The stock had previously closed at GBX 77.

Analyst Ratings Changes

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 Performance

The company has a market cap of £165.62 million, a PE ratio of 16.38 and a beta of 0.14. The firm’s fifty day moving average is GBX 71.73 and its 200 day moving average is GBX 60.59. The company has a current ratio of 3.13, a quick ratio of 1.07 and a debt-to-equity ratio of 18.63.

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.