Mondi (OTCMKTS:MONDY) Reaches New 52-Week Low – Here’s What Happened

Mondi plc (OTCMKTS:MONDY) reached a new 52-week low during trading 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 Analysts Forecast Growth

A number of research firms have weighed in on MONDY. UBS Group raised shares of Mondi from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 18th. Citigroup raised Mondi from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 10th. Finally, Barclays raised Mondi from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 7th.

Mondi Trading Down 1.0 %

The company’s 50-day simple moving average is $37.26 and its 200 day simple moving average is $38.05. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.32 and a current ratio of 2.06.

Mondi Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, August 23rd were given a $0.4533 dividend. The ex-dividend date of this dividend 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.