Mincon Group (LON:MCON) Trading 2.7% Higher - Time to Buy?

Mincon Group plc (LON:MCON - Get Free Report)'s share price was up 2.7% during trading on Monday . The stock 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).

Wall Street Analysts Forecast Growth

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

Mincon Group Price Performance

The business's 50 day moving average is GBX 37.21 and its two-hundred day moving average is GBX 40.15. The company has a debt-to-equity ratio of 25.33, a quick ratio of 1.07 and a current ratio of 3.37. The firm has a market capitalization of £80.74 million, a PE ratio of 3,800.00 and a beta of 0.20.

Mincon Group Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, December 6th. Stockholders of record on Thursday, November 14th will be given a dividend of €0.01 ($0.01) per share. The ex-dividend date is Thursday, November 14th. This represents a dividend yield of 2.42%. Mincon Group's dividend payout ratio (DPR) is currently 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.