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Mondi (LON:MNDI) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

Mondi logo with Basic Materials background

Shares of Mondi plc (LON:MNDI - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,189.69 ($16.33) and traded as high as GBX 1,201 ($16.48). Mondi shares last traded at GBX 1,185.50 ($16.27), with a volume of 1,116,697 shares traded.

Mondi Trading Up 0.7%

The business's 50-day simple moving average is GBX 1,179.90 and its two-hundred day simple moving average is GBX 1,189.49. The firm has a market capitalization of £6.37 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 0.76 and a beta of 0.68. The company has a quick ratio of 1.14, a current ratio of 2.06 and a debt-to-equity ratio of 41.00.

Insider Buying and Selling

In other news, insider Andrew King bought 26 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were purchased at an average price of GBX 1,152 ($15.81) per share, with a total value of £299.52 ($411.03). In the last quarter, insiders purchased 52 shares of company stock valued at $61,568. Company insiders own 1.36% of the company's stock.

Mondi Company Profile

(Get Free Report)

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.

Further Reading

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