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

Mincon Group plc (LON:MCON) hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 63.75 and last traded at GBX 62, with a volume of 322140 shares changing hands. The stock had previously closed at GBX 56.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on MCON shares. Shore Capital Group restated a “house stock” rating on shares of Mincon Group in a report on Wednesday, April 29th. Jefferies Financial Group restated a “house stock” rating on shares of Mincon Group in a report on Tuesday.

Mincon Group Trading Up 10.7%

The company has a current ratio of 3.32, a quick ratio of 1.07 and a debt-to-equity ratio of 22.51. The stock has a market capitalization of £131.73 million, a P/E ratio of 24.70 and a beta of 0.12. The business’s fifty day simple moving average is GBX 59.47 and its two-hundred day simple moving average is GBX 56.60.

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.