Mondi (OTCMKTS:MONDY) Upgraded by Barclays to "Hold" Rating

Barclays upgraded shares of Mondi (OTCMKTS:MONDY - Free Report) from a strong sell rating to a hold rating in a report published on Monday, April 7th,Zacks.com reports.

Mondi Stock Up 1.7 %

OTCMKTS:MONDY traded up $0.48 during mid-day trading on Monday, hitting $28.84. 25,131 shares of the company's stock traded hands, compared to its average volume of 20,773. 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 company has a fifty day moving average of $30.96 and a 200 day moving average of $31.22. Mondi has a twelve month low of $25.53 and a twelve month high of $41.67.

Mondi Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, April 4th will be issued a dividend of $1.0074 per share. The ex-dividend date is Friday, April 4th. This is a positive change from Mondi's previous dividend of $0.45.

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.