Mincon Group (LON:MCON) Shares Down 2.5% - Time to Sell?

Mincon Group plc (LON:MCON - Get Free Report) shares fell 2.5% during mid-day trading on Friday . The stock traded as low as GBX 34.60 ($0.46) and last traded at GBX 34.60 ($0.46). 5,054 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 20,784 shares. The stock had previously closed at GBX 35.50 ($0.47).

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a "house stock" rating on shares of Mincon Group in a research report on Thursday.

Mincon Group Price Performance

The stock has a market cap of £99.90 million, a P/E ratio of 63.23 and a beta of 0.20. 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 business's 50-day simple moving average is GBX 35.43 and its two-hundred day simple moving average is GBX 36.24.

Mincon Group Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 22nd will be issued a €0.01 ($0.01) dividend. This represents a yield of 2.49%. The ex-dividend date is Thursday, May 22nd. Mincon Group's dividend payout ratio (DPR) is presently 341.79%.

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.