Mincon Group (LON:MCON) Shares Down 1.7% – Should You Sell?

Mincon Group plc (LON:MCON)’s stock price fell 1.7% on Thursday . The stock traded as low as GBX 35.40 ($0.45) and last traded at GBX 35.40 ($0.45). 50 shares were traded during mid-day trading, a decline of 100% from the average session volume of 20,936 shares. The stock had previously closed at GBX 36 ($0.45).

Wall Street Analyst Weigh In

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

Mincon Group Stock Performance

The stock has a market capitalization of £93.28 million, a P/E ratio of 59.04 and a beta of 0.20. The company’s 50-day moving average is GBX 36.21 and its two-hundred day moving average is GBX 36.72. The company has a current ratio of 3.37, a quick ratio of 1.07 and a debt-to-equity ratio of 25.34.

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.