Shares of Mincon Group plc (LON:MCON - Get Free Report) were down 4.6% during trading on Thursday . The stock traded as low as GBX 45 ($0.56) and last traded at GBX 51.50 ($0.65). Approximately 21,785 shares were traded during mid-day trading, an increase of 372% from the average daily volume of 4,615 shares. The stock had previously closed at GBX 54 ($0.68).
Analyst Upgrades and Downgrades
Separately, Shore Capital reiterated a "house stock" rating on shares of Mincon Group in a research note on Monday, March 11th.
Check Out Our Latest Stock Analysis on Mincon Group
Mincon Group Trading Down 4.6 %
The firm's 50 day moving average is GBX 54.04 and its 200 day moving average is GBX 58.23. The company has a market cap of £109.42 million, a PE ratio of 1,716.67 and a beta of 0.19. The company has a debt-to-equity ratio of 26.00, a current ratio of 3.55 and a quick ratio of 1.07.
Mincon Group Announces Dividend
The company also recently disclosed a dividend, which will be paid on Friday, June 14th. Investors of record on Thursday, May 23rd will be paid a dividend of €0.01 ($0.01) per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a yield of 1.66%. Mincon Group's dividend payout ratio is currently 6,666.67%.
Mincon Group Company Profile
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Mincon Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mincon Group wasn't on the list.
While Mincon Group currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
