Mincon Group (LON:MCON) Trading Down 6.5% – Should You Sell?

Shares of Mincon Group plc (LON:MCON) traded down 6.5% during trading on Wednesday . The stock traded as low as GBX 42 and last traded at GBX 43.50. 43,871 shares traded hands during trading, an increase of 37% from the average session volume of 31,955 shares. The stock had previously closed at GBX 46.50.

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a “house stock” rating on shares of Mincon Group in a research note on Thursday, October 23rd.

Mincon Group Price Performance

The company has a 50-day moving average price of GBX 43.12 and a two-hundred day moving average price of GBX 39.07. The company has a debt-to-equity ratio of 25.34, a current ratio of 3.37 and a quick ratio of 1.07. The company has a market cap of £93.06 million, a PE ratio of 21.37 and a beta of 0.20.

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.