Mincon Group (LON:MCON) Trading Down 1.4% – What’s Next?

Mincon Group plc (LON:MCON) shares were down 1.4% during mid-day trading on Friday . The company traded as low as GBX 35 ($0.45) and last traded at GBX 35.50 ($0.46). Approximately 3,250 shares traded hands during trading, a decline of 86% from the average daily volume of 22,812 shares. The stock had previously closed at GBX 36 ($0.46).

Mincon Group Price Performance

The company has a debt-to-equity ratio of 25.34, a quick ratio of 1.07 and a current ratio of 3.37. The company has a 50-day moving average of GBX 35.24 and a 200-day moving average of GBX 36.53. The stock has a market capitalization of £95.85 million, a price-to-earnings ratio of 60.67 and a beta of 0.20.

Mincon Group Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 22nd will be paid a dividend of €0.01 ($0.01) per share. This represents a dividend yield of 2.49%. The ex-dividend date is Thursday, May 22nd. Mincon Group’s payout ratio is currently 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.