Mincon Group (LON:MCON) Sets New 52-Week High – Here’s Why

Shares of Mincon Group plc (LON:MCON) reached a new 52-week high on Thursday . The stock traded as high as GBX 64 and last traded at GBX 62.40, with a volume of 62234 shares trading hands. The stock had previously closed at GBX 60.50.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued a “house stock” rating on shares of Mincon Group in a report on Tuesday, August 4th.

Mincon Group Trading Up 3.1%

The company has a debt-to-equity ratio of 18.63, a current ratio of 3.13 and a quick ratio of 1.07. The company has a market cap of £132.58 million, a price-to-earnings ratio of 24.86 and a beta of 0.14. The firm’s fifty day moving average price is GBX 60.50 and its 200-day moving average price is GBX 58.87.

Mincon Group Company Profile

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.