Mincon Group (LON:MCON) Hits New 52-Week High – Time to Buy?

by · The Cerbat Gem

Mincon Group plc (LON:MCON – Get Free Report)’s share price hit a new 52-week high during trading on Monday . The company traded as high as GBX 48 and last traded at GBX 45.25, with a volume of 50250 shares. The stock had previously closed at GBX 46.50.

Wall Street Analyst Weigh In

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

View Our Latest Stock Report on Mincon Group

Mincon Group Stock Performance

The firm has a market cap of £99.86 million, a price-to-earnings ratio of 22.93 and a beta of 0.20. The company has a debt-to-equity ratio of 25.34, a current ratio of 3.37 and a quick ratio of 1.07. The firm has a fifty day simple moving average of GBX 41.70 and a two-hundred day simple moving average of GBX 38.40.

Mincon Group Company Profile

(Get Free Report)

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.

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