MONDI PLC UNS (OTCMKTS:MONDY) Sees Large Volume Increase - Time to Buy?

Key Points

• MONDI PLC UNS experienced a 16% increase in trading volume with approximately 20,984 shares traded, closing at $22.95, up from the previous day's close of $22.46.
• Zacks Research downgraded the company from a "hold" to a "strong sell" rating, highlighting a mixed consensus with one analyst rating it as a Buy, one as a Hold, and one as a Sell.
• The company recently announced a dividend yield of 501.0% for a dividend of $0.4624 per share, paid to investors on October 14th.

Shares of MONDI PLC UNS (OTCMKTS:MONDY - Get Free Report) saw unusually-high trading volume on Friday . Approximately 20,984 shares traded hands during mid-day trading, an increase of 16% from the previous session's volume of 18,092 shares.The stock last traded at $22.95 and had previously closed at $22.46.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded MONDI PLC UNS from a "hold" rating to a "strong sell" rating in a report on Thursday, August 14th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, MONDI PLC UNS has a consensus rating of "Hold".

MONDI PLC UNS Stock Up 1.1%

The stock has a 50 day simple moving average of $26.34 and a 200-day simple moving average of $29.44. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.80 and a current ratio of 1.38.

MONDI PLC UNS Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, October 14th. Investors of record on Monday, August 25th were given a dividend of $0.4624 per share. This represents a yield of 501.0%. The ex-dividend date was Friday, August 22nd.

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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