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

Mincon Group plc (LON:MCON) shares reached a new 52-week high on Tuesday . The stock traded as high as GBX 52 and last traded at GBX 52, with a volume of 4156 shares trading hands. The stock had previously closed at GBX 50.50.

Analysts Set New Price Targets

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

Mincon Group Price Performance

The company has a market cap of £110.49 million, a P/E ratio of 25.37 and a beta of 0.20. The stock has a 50-day simple moving average of GBX 45.70 and a 200 day simple moving average of GBX 41.62. The company has a debt-to-equity ratio of 25.34, a quick ratio of 1.07 and a current ratio of 3.37.

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.