Mondi (OTCMKTS:MONDY) Hits New 1-Year Low – What’s Next?

Mondi plc (OTCMKTS:MONDY) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $30.68 and last traded at $30.69, with a volume of 17314 shares. The stock had previously closed at $31.08.

Analyst Ratings Changes

MONDY has been the subject of a number of recent analyst reports. Barclays raised shares of Mondi from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 7th. UBS Group upgraded Mondi from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 18th. Finally, Citigroup upgraded Mondi from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 10th.

Mondi Stock Down 1.5 %

The company has a quick ratio of 1.32, a current ratio of 2.06 and a debt-to-equity ratio of 0.36. The firm’s fifty day moving average is $35.45 and its 200 day moving average is $37.65.

Mondi 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.