Mincon Group (LON:MCON) Trading Up 1.7% - Time to Buy?

Key Points

• Mincon Group plc's stock price rose by 1.7%, trading at GBX 35.10 ($0.47) after closing at GBX 34.50 ($0.46).
• The company has a market capitalization of £94.77 million and notable financial metrics include a PE ratio of 59.98 and a debt-to-equity ratio of 25.34.
• Shore Capital has reaffirmed a "house stock" rating on Mincon Group's shares, indicating confidence in the company's performance.

Shares of Mincon Group plc (LON:MCON - Get Free Report) shot up 1.7% on Wednesday . The stock traded as high as GBX 35.70 ($0.48) and last traded at GBX 35.10 ($0.47). 11,707 shares were traded during trading, a decline of 47% from the average session volume of 22,016 shares. The stock had previously closed at GBX 34.50 ($0.46).

Wall Street Analysts Forecast Growth

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

Mincon Group Trading Down 4.3%

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 has a market capitalization of £89.10 million, a price-to-earnings ratio of 56.40 and a beta of 0.20. The company has a 50 day moving average price of GBX 34.32 and a two-hundred day moving average price of GBX 35.16.

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.