Mondi Plc Uns (OTCMKTS:MONDY) Sees Large Volume Increase – Time to Buy?

Mondi Plc Uns (OTCMKTS:MONDY) shares saw strong trading volume on Wednesday . 67,704 shares were traded during trading, an increase of 104% from the previous session’s volume of 33,124 shares.The stock last traded at $22.8399 and had previously closed at $22.62.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Zacks Research downgraded shares of Mondi Plc Uns from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 14th. Barclays cut shares of Mondi Plc Uns from a “hold” rating to a “strong sell” rating in a research report on Monday. One equities research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

Mondi Plc Uns Trading Up 1.0%

The company has a current ratio of 1.38, a quick ratio of 0.80 and a debt-to-equity ratio of 0.41. The company’s 50-day moving average is $24.76 and its 200-day moving average is $28.90.

Mondi Plc Uns Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, October 14th. Stockholders of record on Monday, August 25th were issued a $0.4624 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a dividend yield of 501.0%.

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.