Mincon Group (LON:MCON) Hits New 12-Month High – Here’s What Happened

Mincon Group plc (LON:MCON)’s share price hit a new 52-week high on Thursday. The company traded as high as GBX 76 and last traded at GBX 75.45, with a volume of 9767 shares traded. The stock had previously closed at GBX 74.50.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reiterated a “house stock” rating on shares of Mincon Group in a research report on Tuesday, August 4th.

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 company has a market cap of £152.98 million, a price-to-earnings ratio of 15.13 and a beta of 0.14. The business has a fifty day moving average price of GBX 64.51 and a 200 day moving average price of GBX 61.26.

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.