Mincon Group (LON:MCON) Reaches New 52-Week Low at $40.00

Mincon Group plc (LON:MCON) shares hit a new 52-week low on Monday . The company traded as low as GBX 40 ($0.51) and last traded at GBX 40 ($0.51), with a volume of 58354 shares trading hands. The stock had previously closed at GBX 47 ($0.59).

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Mincon Group in a report on Tuesday, May 7th.

Mincon Group Stock Performance

The company has a quick ratio of 1.07, a current ratio of 3.55 and a debt-to-equity ratio of 26.00. The firm has a 50-day simple moving average of GBX 45.06 and a 200 day simple moving average of GBX 50.65. The company has a market cap of £93.49 million, a price-to-earnings ratio of 1,466.67 and a beta of 0.22.

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.