Mondi Plc Uns (OTCMKTS:MONDY) Shares Down 0.5% - Should You Sell?

Key Points

• Shares of Mondi Plc Uns (OTCMKTS:MONDY) declined by 0.5%, trading at approximately $27.54 with a 55% drop in trading volume compared to the average.
• Zacks Research has downgraded Mondi Plc Uns from a "hold" to a "strong sell" rating, despite the existence of varying ratings among analysts including one Strong Buy and one Sell.
• The company has announced a dividend of $0.4624 per share, which will be paid on October 14th, representing a yield of 501.0%.

Shares of Mondi Plc Uns (OTCMKTS:MONDY - Get Free Report) traded down 0.5% during mid-day trading on Tuesday . The stock traded as low as $27.44 and last traded at $27.54. 20,622 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 45,431 shares. The stock had previously closed at $27.69.

Analysts Set New Price Targets

Separately, Zacks Research lowered Mondi Plc Uns from a "hold" rating to a "strong sell" rating in a report on Thursday, August 14th. One 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 issued a Sell rating to the company's stock. According to MarketBeat.com, Mondi Plc Uns currently has a consensus rating of "Moderate Buy".

Mondi Plc Uns Price Performance

The company has a current ratio of 1.87, a quick ratio of 1.07 and a debt-to-equity ratio of 0.36. The firm's 50-day moving average is $28.39 and its 200-day moving average is $30.28.

Mondi Plc Uns Cuts Dividend

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.