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

Mincon Group plc (LON:MCON)’s share price hit a new 52-week high on Monday . The company traded as high as GBX 64 and last traded at GBX 59.25, with a volume of 18121 shares. The stock had previously closed at GBX 64.

Analysts Set New Price Targets

MCON has been the topic of several recent research reports. Jefferies Financial Group reissued a “house stock” rating on shares of Mincon Group in a report on Tuesday, August 4th. Shore Capital Group reaffirmed a “house stock” rating on shares of Mincon Group in a research report on Wednesday, April 29th.

Mincon Group Price Performance

The company has a debt-to-equity ratio of 18.63, a quick ratio of 1.07 and a current ratio of 3.13. The stock has a market capitalization of £125.89 million, a price-to-earnings ratio of 23.61 and a beta of 0.14. The business’s 50 day simple moving average is GBX 59.47 and its 200-day simple moving average is GBX 57.05.

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.