Mondi (OTCMKTS:MONDY) Stock Price Passes Below Fifty Day Moving Average of $38.02

Shares of Mondi plc (OTCMKTS:MONDY) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $38.02 and traded as low as $37.68. Mondi shares last traded at $37.68, with a volume of 3,002 shares changing hands.

Analyst Upgrades and Downgrades

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

Mondi Stock Performance

The company has a quick ratio of 1.32, a current ratio of 2.06 and a debt-to-equity ratio of 0.36. The business has a 50 day moving average price of $37.91 and a 200 day moving average price of $37.82.

Mondi Cuts Dividend

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