Mincon Group (LON:MCON) Reaches New 52-Week Low at $40.40

Mincon Group plc (LON:MCON)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 40.40 ($0.50) and last traded at GBX 44 ($0.54), with a volume of 8238 shares changing hands. The stock had previously closed at GBX 44 ($0.54).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a “house stock” rating on shares of Mincon Group in a research report on Monday, March 11th.

Mincon Group Stock Performance

The firm has a 50-day moving average price of GBX 51.95 and a 200-day moving average price of GBX 54.83. The company has a debt-to-equity ratio of 26.00, a quick ratio of 1.07 and a current ratio of 3.55. The stock has a market cap of £93.49 million, a PE ratio of 1,466.67 and a beta of 0.19.

Mincon Group Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, June 14th. Stockholders of record on Thursday, May 23rd will be given a €0.01 ($0.01) dividend. This represents a dividend yield of 1.66%. The ex-dividend date is Thursday, May 23rd. Mincon Group’s dividend payout ratio is presently 6,666.67%.

About Mincon Group

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.