Mondi Plc Uns (OTCMKTS:MONDY) Sees Unusually-High Trading Volume - Still a Buy?

Key Points

• Mondi Plc Uns saw an unusual increase in trading volume, with 218,027 shares traded, marking a 1,591% jump from the prior session.
• Zacks Research has downgraded the stock from a "hold" rating to a "strong sell" rating, while the average rating remains a "Moderate Buy" from multiple analysts.
• The company recently declared a dividend of $0.4624 per share, which translates to a striking dividend yield of 501.0%.

Mondi Plc Uns (OTCMKTS:MONDY - Get Free Report) shares saw an uptick in trading volume on Monday . 218,027 shares changed hands during mid-day trading, an increase of 1,591% from the previous session's volume of 12,895 shares.The stock last traded at $27.01 and had previously closed at $26.98.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of 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 Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy".

Mondi Plc Uns Stock Performance

The stock's fifty day simple moving average is $29.42 and its two-hundred day simple moving average is $30.67. The company has a current ratio of 1.87, a quick ratio of 1.07 and a debt-to-equity ratio of 0.36.

Mondi Plc Uns Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Monday, August 25th will be given a dividend of $0.4624 per share. The ex-dividend date is Friday, August 22nd. This represents a dividend 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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