Mincon Group (LON:MCON) Hits New 12-Month Low at $45.00

Mincon Group plc (LON:MCON) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 45 ($0.56) and last traded at GBX 46 ($0.57), with a volume of 12751 shares. The stock had previously closed at GBX 46 ($0.57).

Analysts Set New Price Targets

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

Mincon Group Stock Performance

The company has a debt-to-equity ratio of 26.00, a current ratio of 3.55 and a quick ratio of 1.07. The company has a market cap of £97.74 million, a price-to-earnings ratio of 1,533.33 and a beta of 0.19. The business’s 50-day simple moving average is GBX 52.80 and its 200-day simple moving average is GBX 55.92.

Mincon Group Dividend Announcement

The company also recently disclosed 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.