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

Mondi logo with Basic Materials background

Mondi plc (LON:MNDI - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,192.07 ($16.01) and traded as high as GBX 1,206 ($16.19). Mondi shares last traded at GBX 1,186.50 ($15.93), with a volume of 656,432 shares trading hands.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. boosted their price objective on Mondi from GBX 1,430 ($19.20) to GBX 1,460 ($19.61) and gave the company an "overweight" rating in a report on Friday.

Check Out Our Latest Analysis on MNDI

Mondi Trading Down 3.1%

The firm has a market capitalization of £5.94 billion, a PE ratio of 15.38, a P/E/G ratio of 0.76 and a beta of 0.68. The business has a 50 day moving average price of GBX 1,198.74 and a 200-day moving average price of GBX 1,191.96. The company has a current ratio of 2.06, a quick ratio of 1.14 and a debt-to-equity ratio of 41.00.

Insider Activity at Mondi

In other news, insider Mike Powell acquired 24 shares of the company's stock in a transaction that occurred on Monday, July 7th. The stock was purchased at an average cost of GBX 1,186 ($15.93) per share, with a total value of £284.64 ($382.22). Also, insider Andrew King acquired 26 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average cost of GBX 1,152 ($15.47) per share, with a total value of £299.52 ($402.20). Insiders purchased a total of 100 shares of company stock valued at $118,496 over the last ninety days. 1.36% of the stock is currently owned by company insiders.

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.

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