Mincon Group (LON:MCON) Shares Down 3% - Should You Sell?

Mincon Group plc (LON:MCON - Get Free Report)'s stock price dropped 3% on Tuesday . The stock traded as low as GBX 35.39 ($0.48) and last traded at GBX 35.39 ($0.48). 3,150 shares changed hands during trading, a decline of 88% from the average daily volume of 25,286 shares. The stock had previously closed at GBX 36.50 ($0.50).

Wall Street Analyst Weigh In

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

Mincon Group Price Performance

The company has a current ratio of 3.37, a quick ratio of 1.07 and a debt-to-equity ratio of 25.34. The firm has a market cap of £97.20 million, a P/E ratio of 61.52 and a beta of 0.20. The company has a fifty day moving average price of GBX 36.14 and a two-hundred day moving average price of GBX 36.14.

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.