Mincon Group (LON:MCON) Trading Up 2.7% – Here’s Why

Shares of Mincon Group plc (LON:MCON) were up 2.7% during trading on Monday . The company traded as high as GBX 38 ($0.48) and last traded at GBX 38 ($0.48). Approximately 245 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 17,471 shares. The stock had previously closed at GBX 37 ($0.46).

Analyst Ratings Changes

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

Mincon Group Stock Up 2.7 %

The stock has a market cap of £80.74 million, a P/E ratio of 3,800.00 and a beta of 0.20. The firm has a 50 day simple moving average of GBX 37.22 and a 200-day simple moving average of GBX 40.20. The company has a quick ratio of 1.07, a current ratio of 3.37 and a debt-to-equity ratio of 25.33.

Mincon Group Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, December 6th. Investors of record on Thursday, November 14th will be paid a €0.01 ($0.01) dividend. This represents a yield of 2.42%. The ex-dividend date of this dividend is Thursday, November 14th. Mincon Group’s dividend payout ratio (DPR) is presently 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.