Mincon Group (LON:MCON) Shares Down 1.4% – Here’s Why

Shares of Mincon Group plc (LON:MCON) traded down 1.4% on Friday . The stock traded as low as GBX 35 ($0.45) and last traded at GBX 35.50 ($0.46). 3,250 shares were traded during trading, a decline of 86% from the average session volume of 22,812 shares. The stock had previously closed at GBX 36 ($0.46).

Mincon Group Price Performance

The company’s 50-day moving average is GBX 35.24 and its 200-day moving average is GBX 36.53. The firm has a market capitalization of £95.85 million, a price-to-earnings ratio of 60.67 and a beta of 0.20. The company has a debt-to-equity ratio of 25.34, a current ratio of 3.37 and a quick ratio of 1.07.

Mincon Group Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd will be issued a €0.01 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a dividend yield of 2.49%. Mincon Group’s dividend payout ratio (DPR) is presently 341.79%.

About Mincon Group

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.