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

Mondi plc (OTCMKTS:MONDY) hit 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 trading hands. The stock had previously closed at $33.53.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Citigroup raised shares of Mondi from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 10th. Barclays raised shares of Mondi from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 7th.

Mondi Price Performance

The firm has a 50-day moving average of $37.47 and a two-hundred day moving average of $38.13. 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 company also recently announced a dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, August 23rd were issued a dividend of $0.4533 per share. The ex-dividend date of this dividend was Friday, August 23rd.

About Mondi

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.