Mincon Group (LON:MCON) Trading 1.8% Higher – Still a Buy?

Mincon Group plc (LON:MCON) shares shot up 1.8% on Friday . The stock traded as high as GBX 38.70 ($0.49) and last traded at GBX 38.70 ($0.49). 3,253 shares were traded during mid-day trading, a decline of 81% from the average session volume of 17,471 shares. The stock had previously closed at GBX 38 ($0.48).

Wall Street Analyst Weigh In

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

Mincon Group Stock Up 1.8 %

The company has a 50-day moving average of GBX 37.30 and a 200-day moving average of GBX 39.32. The company has a current ratio of 3.37, a quick ratio of 1.07 and a debt-to-equity ratio of 25.33. The company has a market capitalization of £82.23 million, a price-to-earnings ratio of 3,870.00 and a beta of 0.20.

Mincon Group Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, December 6th. Stockholders of record on Thursday, November 14th were issued a dividend of €0.01 ($0.01) per share. The ex-dividend date was Thursday, November 14th. This represents a dividend yield of 2.42%. Mincon Group’s dividend payout ratio (DPR) is currently 20,000.00%.

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.