Mondi (OTCMKTS:MONDY) Reaches New 1-Year Low – What’s Next?

Mondi plc (OTCMKTS:MONDY) hit a new 52-week low on Monday . The stock traded as low as $32.88 and last traded at $32.91, with a volume of 7365 shares changing hands. The stock had previously closed at $33.53.

Wall Street Analyst Weigh In

MONDY has been the subject of a number of recent research reports. Barclays raised Mondi from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 7th. Citigroup upgraded Mondi from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 10th. Finally, UBS Group upgraded shares of Mondi from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 18th.

Mondi Trading Down 1.0 %

The business’s fifty day simple moving average is $37.26 and its 200-day simple moving average is $38.05. The company has a current ratio of 2.06, a quick ratio of 1.32 and a debt-to-equity ratio of 0.36.

Mondi Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, August 23rd were issued a dividend of $0.4533 per share. The ex-dividend date was Friday, August 23rd.

Mondi Company Profile

Mondi plc, together with its subsidiaries, engages in the manufacture and sale of packaging and paper solutions in Africa, Western Europe, Emerging Europe, North America, South America, Asia, Australia, and internationally. The company operates in three segments: Corrugated Packaging, Flexible Packaging, and Uncoated Fine Paper.