Mincon Group (LON:MCON) Shares Up 1.8% – Still a Buy?

Mincon Group plc (LON:MCON) shares traded up 1.8% during trading on Friday . The stock traded as high as GBX 38.70 ($0.49) and last traded at GBX 38.70 ($0.49). 3,253 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 17,471 shares. The stock had previously closed at GBX 38 ($0.48).

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Mincon Group in a research note on Friday, October 25th.

Mincon Group Stock Up 1.8 %

The company has a current ratio of 3.37, a quick ratio of 1.07 and a debt-to-equity ratio of 25.33. The firm has a market cap of £82.23 million, a PE ratio of 3,870.00 and a beta of 0.20. The business’s 50-day simple moving average is GBX 37.30 and its 200 day simple moving average is GBX 39.32.

Mincon Group Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, December 6th. Investors of record on Thursday, November 14th were issued a dividend of €0.01 ($0.01) per share. This represents a yield of 2.42%. The ex-dividend date of this dividend was Thursday, November 14th. Mincon Group’s payout ratio is 20,000.00%.

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.