Mincon Group (LON:MCON) Reaches New 1-Year High – Time to Buy?

Shares of Mincon Group plc (LON:MCON) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 48 and last traded at GBX 48, with a volume of 1237 shares traded. The stock had previously closed at GBX 46.

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “house stock” rating on shares of Mincon Group in a research report on Thursday, October 23rd.

Mincon Group Stock Performance

The company has a debt-to-equity ratio of 25.34, a quick ratio of 1.07 and a current ratio of 3.37. The stock has a market cap of £101.99 million, a PE ratio of 23.41 and a beta of 0.20. The company’s 50-day moving average price is GBX 45.64 and its two-hundred day moving average price is GBX 40.66.

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.