Mincon Group (LON:MCON) Stock Price Up 2.7% – What’s Next?

Mincon Group plc (LON:MCON)’s stock price rose 2.7% during mid-day trading on Monday . The company traded as high as GBX 38 ($0.48) and last traded at GBX 38 ($0.48). Approximately 245 shares traded hands during 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 reiterated 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 fifty day moving average price of GBX 37.22 and a two-hundred day moving average price of GBX 40.20. The company has a market cap of £80.74 million, a price-to-earnings ratio of 3,800.00 and a beta of 0.20. 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 Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, December 6th. Shareholders of record on Thursday, November 14th will be issued 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 is currently 20,000.00%.

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.