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Mincon Group (LON:MCON) Trading Down 1.4% - Here's What Happened

Mincon Group logo with Industrials background

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

Mincon Group Stock Performance

The company has a quick ratio of 1.07, a current ratio of 3.37 and a debt-to-equity ratio of 25.34. The business has a fifty day simple moving average of GBX 35.19 and a 200-day simple moving average of GBX 36.47. The firm has a market cap of £95.85 million, a P/E ratio of 60.67 and a beta of 0.20.

Mincon Group Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd will be given a dividend of €0.01 ($0.01) per share. This represents a dividend yield of 2.49%. The ex-dividend date of this dividend is Thursday, May 22nd. Mincon Group's payout ratio is currently 341.79%.

Mincon Group Company Profile

(Get Free Report)

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.

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