Mondi Plc Uns (OTCMKTS:MONDY) Trading Down 1.3% - Here's Why

Key Points

• Mondi Plc Uns (OTCMKTS:MONDY) experienced a stock price decline of 1.3% on Tuesday, with shares trading as low as $27.25.
• Analysts have mixed ratings on MONDY, with Zacks Research recently lowering it to a "strong sell", while Citigroup maintains a "buy" rating.
• The company announced a dividend of $0.4624 per share, representing an impressive dividend yield of 501.0%, to be paid on October 14th.

Mondi Plc Uns (OTCMKTS:MONDY - Get Free Report)'s stock price fell 1.3% on Tuesday . The company traded as low as $27.25 and last traded at $27.34. 7,775 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 10,740 shares. The stock had previously closed at $27.69.

Analyst Ratings Changes

A number of equities analysts recently weighed in on MONDY shares. Zacks Research cut Mondi Plc Uns from a "hold" rating to a "strong sell" rating in a research note on Thursday, August 14th. Citigroup reiterated a "buy" rating on shares of Mondi Plc Uns in a report on Monday, May 12th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Mondi Plc Uns has a consensus rating of "Moderate Buy".

Mondi Plc Uns Trading Down 1.3%

The firm has a 50-day moving average of $29.91 and a two-hundred day moving average of $30.78. 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 business also recently declared a dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Monday, August 25th will be given a $0.4624 dividend. This represents a dividend yield of 501.0%. The ex-dividend date of this dividend is Friday, August 22nd.

Mondi Plc Uns Company Profile

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.