Mincon Group (LON:MCON) Reaches New 1-Year Low - Here's What Happened

Shares of Mincon Group plc (LON:MCON - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 30 ($0.41) and last traded at GBX 30 ($0.41), with a volume of 10000 shares changing hands. The stock had previously closed at GBX 30 ($0.41).

Analyst Ratings Changes

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

Mincon Group Stock Up 0.7%

The company has a debt-to-equity ratio of 25.34, a quick ratio of 1.07 and a current ratio of 3.37. The firm's 50-day moving average is GBX 35.22 and its 200 day moving average is GBX 35.42. The firm has a market capitalization of £81.54 million, a P/E ratio of 51.61 and a beta of 0.20.

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.