Mondi (LON:MNDI) Stock Price Passes Above Two Hundred Day Moving Average - Here's Why

Mondi plc (LON:MNDI - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,190.51 ($16.09) and traded as high as GBX 1,231 ($16.64). Mondi shares last traded at GBX 1,213.52 ($16.40), with a volume of 787,674 shares traded.

Analyst Ratings Changes

Separately, Citigroup decreased their target price on Mondi from GBX 1,600 ($21.62) to GBX 1,550 ($20.95) and set a "buy" rating for the company in a research report on Tuesday, February 25th.

Mondi Stock Down 0.7%

The company's fifty day moving average is GBX 1,141.43 and its 200-day moving average is GBX 1,189.33. The company has a market capitalization of £6.26 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 0.76 and a beta of 0.68. The company has a debt-to-equity ratio of 41.00, a quick ratio of 1.14 and a current ratio of 2.06.

Insider Activity

In other Mondi news, insider Andrew King bought 24 shares of Mondi stock in a transaction on Friday, March 7th. The shares were acquired at an average price of GBX 1,287 ($17.39) per share, for a total transaction of £308.88 ($417.41). Corporate 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.