Mincon Group (LON:MCON) Stock Price Down 1.4% – Time to Sell?

Mincon Group plc (LON:MCON)’s share price traded down 1.4% during mid-day trading on Friday . The company traded as low as GBX 35 ($0.45) and last traded at GBX 35.50 ($0.46). 3,250 shares were traded during 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 Down 1.4 %

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 stock has a market capitalization of £95.85 million, a PE ratio of 60.67 and a beta of 0.20. The firm’s fifty day moving average is GBX 35.24 and its 200-day moving average is GBX 36.54.

Mincon Group Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd will be paid 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 dividend payout ratio (DPR) is 341.79%.

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.