Mondi Plc Uns (OTCMKTS:MONDY) Hits New 1-Year Low - Here's Why

Key Points

• Mondi Plc shares reached a new 52-week low of $23.68 during trading, down from a previous close of $28.23.
• Analysts have lowered Mundi Plc's rating from "hold" to "strong sell," with a current average rating of "Moderate Buy."
• The company recently declared a dividend yield of 501.0%, with $0.4624 to be paid on October 14th to investors of record on August 25th.

Shares of Mondi Plc Uns (OTCMKTS:MONDY - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $23.68 and last traded at $23.87, with a volume of 5550 shares. The stock had previously closed at $28.23.

Analysts Set New Price Targets

Separately, Zacks Research lowered Mondi Plc Uns from a "hold" rating to a "strong sell" rating in a research note on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy".

Mondi Plc Uns Price Performance

The company has a 50-day moving average of $28.15 and a 200 day moving average of $30.16.

Mondi Plc Uns Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, October 14th. Investors of record on Monday, August 25th will be given a $0.4624 dividend. The ex-dividend date is Friday, August 22nd. This represents a yield of 501.0%.

About Mondi Plc Uns

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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