Mincon Group's (MCON) House Stock Rating Reiterated at Shore Capital

Key Points

• Mincon Group's stock rating has been restated as "house stock" by Shore Capital, signaling a stable outlook for investors.
• The stock recently traded at GBX 39.40, with a notable trading volume of 40,000 shares, surpassing its average volume of 19,650.
• Mincon Group specializes in the design and manufacture of rock drilling tools, serving markets across multiple regions including Europe, the Americas, and Africa.

Mincon Group (LON:MCON - Get Free Report)'s stock had its "house stock" rating restated by Shore Capital in a research report issued to clients and investors on Thursday, Marketbeat reports.

Mincon Group Stock Performance

LON:MCON traded up GBX 2.90 during midday trading on Thursday, reaching GBX 39.40. The stock had a trading volume of 40,000 shares, compared to its average volume of 19,650. Mincon Group has a 1-year low of GBX 28 and a 1-year high of GBX 43.50. The firm's fifty day simple moving average is GBX 39.64 and its 200-day simple moving average is GBX 36.65. The company has a debt-to-equity ratio of 25.34, a current ratio of 3.37 and a quick ratio of 1.07. The stock has a market capitalization of £83.71 million, a P/E ratio of 19.22 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.