Mondi (LON:MNDI) Shares Pass Above 200 Day Moving Average - Time to Sell?

Mondi plc (LON:MNDI - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,315.18 ($16.62) and traded as high as GBX 1,325.50 ($16.75). Mondi shares last traded at GBX 1,291.89 ($16.32), with a volume of 1,809,087 shares changing hands.

Mondi Stock Down 2.1 %

The business has a fifty day moving average of GBX 1,211.35 and a 200 day moving average of GBX 1,310.31. The firm has a market cap of £6.51 billion, a P/E ratio of 16.84, a P/E/G ratio of 0.76 and a beta of 0.68. The company has a quick ratio of 1.14, a current ratio of 2.06 and a debt-to-equity ratio of 41.00.

Insiders Place Their Bets

In other Mondi news, insider Andrew King purchased 26 shares of the stock in a transaction on Wednesday, January 8th. The stock was bought at an average cost of GBX 1,161 ($14.67) per share, for a total transaction of £301.86 ($381.38). Insiders acquired 50 shares of company stock worth $59,838 over the last ninety days. 1.36% of the stock is currently owned by corporate insiders.

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.