Mincon Group (LON:MCON) Reaches New 1-Year High - What's Next?

Key Points

• Mincon Group's share price reached a new 52-week high of GBX 43.50 ($0.59) in mid-day trading, closing at GBX 43 ($0.58) with a trading volume of 164,010 shares.
• Shore Capital has reissued a "house stock" rating for Mincon Group, suggesting continued confidence in the company's performance.
• The company specializes in the design and manufacture of rock drilling tools and operates in various markets including Ireland, the Americas, Europe, and Africa.

Mincon Group plc (LON:MCON - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 43.50 ($0.59) and last traded at GBX 43 ($0.58), with a volume of 164010 shares traded. The stock had previously closed at GBX 41 ($0.56).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a "house stock" rating on shares of Mincon Group in a report on Monday, May 19th.

Mincon Group Price Performance

The business's 50 day moving average price is GBX 35.51 and its two-hundred day moving average price is GBX 35.70. The stock has a market cap of £91.36 million, a P/E ratio of 2,097.56 and a beta of 0.20. The company has a current ratio of 3.37, a quick ratio of 1.07 and a debt-to-equity ratio of 25.34.

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.

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