Mincon Group (LON:MCON) Shares Climb 7.7% – Still a Buy?

Mincon Group plc (LON:MCON) shares were up 7.7% during mid-day trading on Thursday. The company traded as high as GBX 70 and last traded at GBX 70. 16,257 shares changed hands during trading, a decline of 52% from the average session volume of 33,751 shares. The stock had previously closed at GBX 65.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reiterated 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 current ratio of 3.13, a quick ratio of 1.07 and a debt-to-equity ratio of 18.63. The company has a market capitalization of £161.48 million, a PE ratio of 15.97 and a beta of 0.14. The firm’s 50-day simple moving average is GBX 63.07 and its 200-day simple moving average is GBX 60.69.

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.