Mincon Group (LON:MCON) Trading Down 3% – What’s Next?

Shares of Mincon Group plc (LON:MCON) dropped 3% during trading on Tuesday . The company traded as low as GBX 35.39 ($0.48) and last traded at GBX 35.39 ($0.48). Approximately 3,150 shares were traded during trading, a decline of 88% from the average daily volume of 25,286 shares. The stock had previously closed at GBX 36.50 ($0.49).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a “house stock” rating on shares of Mincon Group in a report on Monday, May 19th.

Mincon Group Stock Down 3.0%

The company has a quick ratio of 1.07, a current ratio of 3.37 and a debt-to-equity ratio of 25.34. The firm has a market cap of £95.55 million, a PE ratio of 60.48 and a beta of 0.20. The firm’s 50 day moving average is GBX 36.07 and its 200-day moving average is GBX 36.16.

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.