Mondi (OTCMKTS:MONDY) Stock Price Passes Below 50-Day Moving Average of $38.42

Mondi plc (OTCMKTS:MONDY) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $38.42 and traded as low as $37.65. Mondi shares last traded at $37.76, with a volume of 5,108 shares trading hands.

Analyst Ratings Changes

Separately, Barclays raised Mondi from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 7th.

Mondi Price Performance

The company has a quick ratio of 1.53, a current ratio of 2.09 and a debt-to-equity ratio of 0.24. The firm has a fifty day simple moving average of $38.42 and a two-hundred day simple moving average of $37.70.

Mondi Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, August 23rd will be given a dividend of $0.4533 per share. The ex-dividend date of this dividend is 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.