Mondi Plc Uns (OTCMKTS:MONDY) Shares Down 1.5% - Here's Why

Key Points

• Mondi Plc Uns shares dropped by 1.5% to a trading price of $27.43, with trading volume increasing significantly to 12,884 shares compared to an average of 5,916 shares.
• Analysts remain optimistic, with Citigroup reaffirming a "buy" rating and Barclays upgrading its rating from "strong sell" to "hold."
• The company's financials indicate a solid position, exemplified by a debt-to-equity ratio of 0.36 and a current ratio of 1.87.

Mondi Plc Uns (OTCMKTS:MONDY - Get Free Report)'s stock price fell 1.5% during mid-day trading on Monday . The stock traded as low as $27.26 and last traded at $27.43. 12,884 shares traded hands during mid-day trading, an increase of 118% from the average session volume of 5,916 shares. The stock had previously closed at $27.86.

Wall Street Analyst Weigh In

MONDY has been the topic of several analyst reports. Citigroup reissued a "buy" rating on shares of Mondi Plc Uns in a research report on Monday, May 12th. Barclays raised shares of Mondi Plc Uns from a "strong sell" rating to a "hold" rating in a research note on Monday, April 7th.

Mondi Plc Uns Price Performance

The firm's fifty day moving average price is $32.16 and its 200 day moving average price is $31.33. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.87 and a quick ratio of 1.07.

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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