Mincon Group (LON:MCON) Trading Down 5.6% – Here’s Why

Shares of Mincon Group plc (LON:MCON) fell 5.6% during trading on Thursday . The stock traded as low as GBX 34 ($0.42) and last traded at GBX 34 ($0.42). 26,625 shares changed hands during trading, an increase of 89% from the average session volume of 14,062 shares. The stock had previously closed at GBX 36 ($0.45).

Wall Street Analysts Forecast Growth

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

Mincon Group Stock Performance

The firm’s fifty day simple moving average is GBX 37.09 and its 200 day simple moving average is GBX 37.40. The company has a market capitalization of £76.49 million, a PE ratio of 3,600.00 and a beta of 0.20. The company has a debt-to-equity ratio of 25.33, a current ratio of 3.37 and a quick ratio of 1.07.

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.