Mincon Group (LON:MCON) Shares Down 3.7% – Here’s Why

Mincon Group plc (LON:MCON)’s share price dropped 3.7% on Wednesday . The stock traded as low as GBX 56.20 and last traded at GBX 57.80. Approximately 34,141 shares traded hands during trading, an increase of 16% from the average daily volume of 29,559 shares. The stock had previously closed at GBX 60.

Analyst Ratings Changes

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

Mincon Group Stock Performance

The stock’s 50-day moving average price is GBX 59.83 and its 200 day moving average price is GBX 51.10. The company has a debt-to-equity ratio of 22.51, a current ratio of 3.32 and a quick ratio of 1.07. The firm has a market cap of £122.81 million, a P/E ratio of 23.03 and a beta of 0.10.

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.