Mincon Group (LON:MCON) Reaches New 52-Week High – Still a Buy?

Mincon Group plc (LON:MCON)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 63 and last traded at GBX 63, with a volume of 15620 shares changing hands. The stock had previously closed at GBX 59.50.

Wall Street Analyst Weigh In

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

Mincon Group Price Performance

The company has a 50-day moving average of GBX 59.35 and a 200 day moving average of GBX 54.66. The company has a debt-to-equity ratio of 22.51, a quick ratio of 1.07 and a current ratio of 3.32. The firm has a market cap of £133.86 million, a P/E ratio of 25.10 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.