Mincon Group’s (MCON) “House Stock” Rating Reaffirmed at Shore Capital

Shore Capital restated their house stock rating on shares of Mincon Group (LON:MCON) in a research report report published on Monday morning, Marketbeat.com reports.

Mincon Group Trading Up 5.6%

Mincon Group stock opened at GBX 38 ($0.51) on Monday. The company has a quick ratio of 1.07, a current ratio of 3.37 and a debt-to-equity ratio of 25.34. Mincon Group has a 52 week low of GBX 32 ($0.43) and a 52 week high of GBX 50 ($0.67). The company has a market capitalization of £102.60 million, a price-to-earnings ratio of 64.94 and a beta of 0.20. The stock has a 50-day moving average price of GBX 35.70 and a 200 day moving average price of GBX 36.20.

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. This represents a yield of 2.49%. The ex-dividend date is Thursday, May 22nd. Mincon Group’s payout ratio 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.