Mincon Group (LON:MCON) Trading Down 5.6% – What’s Next?

Mincon Group plc (LON:MCON) dropped 5.6% during mid-day trading on Thursday . The stock traded as low as GBX 34 ($0.42) and last traded at GBX 34 ($0.42). 26,625 shares were traded during trading, an increase of 89% from the average daily volume of 14,062 shares. The stock had previously closed at GBX 36 ($0.45).

Wall Street Analyst Weigh In

Separately, Shore Capital restated a “house stock” rating on shares of Mincon Group in a research report on Friday, October 25th.

Mincon Group Stock Performance

The company has a debt-to-equity ratio of 25.33, a current ratio of 3.37 and a quick ratio of 1.07. The company has a market cap of £72.24 million, a price-to-earnings ratio of 3,400.00 and a beta of 0.20. The stock has a 50-day moving average price of GBX 37.15 and a 200 day moving average price of GBX 37.47.

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.