Mondi (LON:MNDI) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Mondi plc (LON:MNDI)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,315.18 ($16.59) and traded as high as GBX 1,325.50 ($16.72). Mondi shares last traded at GBX 1,291.89 ($16.30), with a volume of 1,809,087 shares trading hands.

Mondi Trading Up 0.1 %

The company has a quick ratio of 1.14, a current ratio of 2.06 and a debt-to-equity ratio of 41.00. The company has a market capitalization of £6.77 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 0.76 and a beta of 0.68. The stock’s fifty day moving average price is GBX 1,206.24 and its two-hundred day moving average price is GBX 1,315.18.

Insider Buying and Selling at Mondi

In related news, insider Andrew King purchased 26 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The shares were acquired at an average price of GBX 1,161 ($14.65) per share, for a total transaction of £301.86 ($380.80). Insiders acquired 50 shares of company stock valued at $59,838 in the last 90 days. Insiders own 1.36% of the company’s stock.

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.