Mincon Group (LON:MCON) Stock Price Down 2.4% - Should You Sell?

Key Points

• Mincon Group plc stock declined by 2.4% during mid-day trading, closing at GBX 41 ($0.56), with a significant drop in trading volume of 95% compared to its average.
• The company has a market cap of £87.11 million and a notably high price-to-earnings ratio of 2,000.00, indicating potential concerns about its profitability.
• Mincon Group specializes in the design and manufacturing of rock drilling tools and associated products across various global regions, including Ireland and the Americas.

Mincon Group plc (LON:MCON - ) fell 2.4% during mid-day trading on Thursday . The stock traded as low as GBX 41 ($0.56) and last traded at GBX 41 ($0.56). 1,050 shares changed hands during trading, a decline of 95% from the average session volume of 20,623 shares. The stock had previously closed at GBX 42 ($0.57).

Mincon Group Price Performance

The company has a quick ratio of 1.07, a current ratio of 3.37 and a debt-to-equity ratio of 25.34. The company has a 50 day simple moving average of GBX 36.22 and a 200-day simple moving average of GBX 35.96. The stock has a market cap of £87.11 million, a price-to-earnings ratio of 2,000.00 and a beta of 0.20.

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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