Mincon Group (LON:MCON) Trading Down 25.6%

Mincon Group plc (LON:MCON)’s share price fell 25.6% during trading on Wednesday . The stock traded as low as GBX 32 ($0.41) and last traded at GBX 32 ($0.41). Approximately 122,203 shares traded hands during mid-day trading, an increase of 696% from the average daily volume of 15,348 shares. The stock had previously closed at GBX 43 ($0.55).

Analysts Set New Price Targets

Separately, Shore Capital reissued a “house stock” rating on shares of Mincon Group in a research note on Tuesday, May 7th.

Mincon Group Trading Down 25.6 %

The firm’s 50 day simple moving average is GBX 44.95 and its 200-day simple moving average is GBX 48.99. The company has a quick ratio of 1.07, a current ratio of 3.55 and a debt-to-equity ratio of 26.00. The company has a market capitalization of £67.99 million, a PE ratio of 1,433.33 and a beta of 0.22.

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.