Mondi (LON:MNDI) Hits New 52-Week Low – Here’s Why

Mondi plc (LON:MNDI) shares hit a new 52-week low during trading on Thursday . The company traded as low as GBX 1,251.50 ($16.25) and last traded at GBX 1,252 ($16.26), with a volume of 1966423 shares trading hands. The stock had previously closed at GBX 1,257 ($16.32).

Mondi Price Performance

The company has a debt-to-equity ratio of 37.41, a current ratio of 2.07 and a quick ratio of 1.14. The business has a fifty day moving average of GBX 1,419.93 and a 200 day moving average of GBX 1,480.97. The stock has a market cap of £5.50 billion, a PE ratio of 1,686.49, a P/E/G ratio of 0.76 and a beta of 0.68.

Mondi Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, September 27th. Investors of record on Thursday, August 22nd were paid a €0.23 ($0.25) dividend. The ex-dividend date was Thursday, August 22nd. This represents a dividend yield of 1.29%. Mondi’s dividend payout ratio (DPR) is presently 8,108.11%.

Insider Buying and Selling at Mondi

In other news, insider Andrew King purchased 22 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was acquired at an average cost of GBX 1,425 ($18.50) per share, for a total transaction of £313.50 ($407.04). Insiders have purchased 54 shares of company stock worth $77,818 in the last ninety days. 1.36% of the stock is owned by insiders.

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.