Mondi (LON:MNDI) Stock Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Mondi plc (LON:MNDI - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,289.82 ($16.61) and traded as high as GBX 1,292 ($16.63). Mondi shares last traded at GBX 1,273.50 ($16.40), with a volume of 178,686,828 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Citigroup cut their price objective on Mondi from GBX 1,600 ($20.60) to GBX 1,550 ($19.96) and set a "buy" rating for the company in a report on Tuesday, February 25th.

Mondi Stock Down 0.4 %

The stock has a market cap of £6.56 billion, a price-to-earnings ratio of 16.97, a P/E/G ratio of 0.76 and a beta of 0.68. The business has a fifty day moving average of GBX 1,228.83 and a 200 day moving average of GBX 1,286.62. The company has a debt-to-equity ratio of 41.00, a current ratio of 2.06 and a quick ratio of 1.14.

Insider Activity

In other news, insider Andrew King purchased 24 shares of the company's stock in a transaction dated Friday, March 7th. The shares were bought at an average price of GBX 1,287 ($16.57) per share, with a total value of £308.88 ($397.68). In the last 90 days, insiders have acquired 62 shares of company stock worth $76,374. 1.36% of the stock is owned by corporate insiders.

About Mondi

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.