Mincon Group (LON:MCON) Hits New 52-Week Low at $40.00

Mincon Group plc (LON:MCON) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 40 ($0.51) and last traded at GBX 40 ($0.51), with a volume of 58354 shares. The stock had previously closed at GBX 47 ($0.60).

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Mincon Group in a report on Tuesday, May 7th.

Mincon Group Stock Performance

The firm has a market capitalization of £84.99 million, a PE ratio of 1,566.67 and a beta of 0.22. The company has a debt-to-equity ratio of 26.00, a current ratio of 3.55 and a quick ratio of 1.07. The company’s fifty day simple moving average is GBX 44.99 and its 200 day simple moving average is GBX 50.84.

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.