Mincon Group (LON:MCON) Stock Price Down 5.6% – Here’s What Happened

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

Analyst Upgrades and Downgrades

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

Mincon Group Price Performance

The company has a 50-day moving average of GBX 37.09 and a 200 day moving average of GBX 37.40. The company has a quick ratio of 1.07, a current ratio of 3.37 and a debt-to-equity ratio of 25.33. The stock has a market capitalization of £76.49 million, a PE ratio of 3,600.00 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.