Mondi (OTCMKTS:MONDY) Shares Down 0.8% - Here's What Happened

Mondi plc (OTCMKTS:MONDY - Get Free Report)'s share price dropped 0.8% during mid-day trading on Monday . The company traded as low as $33.29 and last traded at $33.45. Approximately 3,760 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 16,081 shares. The stock had previously closed at $33.72.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MONDY shares. Barclays upgraded shares of Mondi from a "strong sell" rating to a "hold" rating in a report on Monday, April 7th. Citigroup restated a "buy" rating on shares of Mondi in a research note on Monday, May 12th.

Mondi Stock Performance

The company has a current ratio of 2.06, a quick ratio of 1.32 and a debt-to-equity ratio of 0.36. The business has a 50-day simple moving average of $30.49 and a two-hundred day simple moving average of $30.66.

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.