Mondi (OTCMKTS:MONDY) Share Price Crosses Below 50-Day Moving Average of $38.02

Mondi plc (OTCMKTS:MONDY - Get Free Report) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $38.02 and traded as low as $37.68. Mondi shares last traded at $37.68, with a volume of 3,002 shares.

Wall Street Analysts Forecast Growth

Separately, Barclays upgraded shares of Mondi from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 7th.

Mondi Price Performance

The company's 50 day moving average is $37.95 and its two-hundred day moving average is $37.78. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.06 and a quick ratio of 1.32.

Mondi Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, August 23rd will be issued a dividend of $0.4533 per share. The ex-dividend date is Friday, August 23rd.

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.