Mincon Group (LON:MCON) Trading 2.7% Higher – Still a Buy?

Mincon Group plc (LON:MCON)’s stock price was up 2.7% during trading on Wednesday . The company traded as high as GBX 58 and last traded at GBX 58. Approximately 75 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 27,765 shares. The stock had previously closed at GBX 56.50.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Mincon Group in a research report on Wednesday, April 29th.

Mincon Group Stock Performance

The company has a debt-to-equity ratio of 22.51, a current ratio of 3.32 and a quick ratio of 1.07. The firm has a fifty day moving average price of GBX 59.10 and a two-hundred day moving average price of GBX 54.13. The stock has a market capitalization of £123.23 million, a PE ratio of 23.11 and a beta of 0.12.

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.