Mincon Group (LON:MCON) Trading Down 1.4% – Here’s Why

Shares of Mincon Group plc (LON:MCON) dropped 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 changed hands during trading, a decline of 86% from the average daily volume of 22,812 shares. The stock had previously closed at GBX 36 ($0.46).

Mincon Group Price Performance

The firm has a market cap of £95.85 million, a PE ratio of 60.67 and a beta of 0.20. The company has a current ratio of 3.37, a quick ratio of 1.07 and a debt-to-equity ratio of 25.34. The company has a 50 day moving average price of GBX 35.24 and a 200 day moving average price of GBX 36.54.

Mincon Group Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 22nd will be given a dividend of €0.01 ($0.01) per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a yield of 2.49%. Mincon Group’s payout ratio 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.