Mincon Group (LON:MCON) Hits New 1-Year High – What’s Next?

Mincon Group plc (LON:MCON)’s share price hit a new 52-week high on Friday. The stock traded as high as GBX 76 and last traded at GBX 76, with a volume of 18584 shares trading hands. The stock had previously closed at GBX 69.

Analyst Upgrades and Downgrades

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

Mincon Group Stock Performance

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 stock has a market cap of £161.48 million, a price-to-earnings ratio of 15.97 and a beta of 0.14. The firm has a fifty day moving average of GBX 62.77 and a 200 day moving average of GBX 60.58.

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.