Mondi (LON:MNDI) Hits New 1-Year Low at $15.59

Mondi plc (LON:MNDI)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 15.59 ($0.20) and last traded at GBX 1,558 ($20.15), with a volume of 1716153 shares trading hands. The stock had previously closed at GBX 1,573.50 ($20.35).

Analyst Upgrades and Downgrades

Several equities research analysts have commented on MNDI shares. Citigroup reiterated a “neutral” rating and issued a GBX 1,700 ($21.99) price objective on shares of Mondi in a research note on Monday, May 13th. Royal Bank of Canada increased their price objective on shares of Mondi from GBX 1,650 ($21.34) to GBX 1,700 ($21.99) and gave the company a “buy” rating in a research note on Tuesday, May 7th.

Mondi Stock Down 1.2 %

The stock’s 50-day moving average price is GBX 1,540.08 and its two-hundred day moving average price is GBX 1,464.56. The stock has a market capitalization of £6.85 billion, a P/E ratio of 1,611.34, a P/E/G ratio of 0.76 and a beta of 0.71. The company has a current ratio of 2.09, a quick ratio of 1.14 and a debt-to-equity ratio of 33.19.

Insider Buying and Selling

In other Mondi news, insider Andrew King acquired 20 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was bought at an average cost of GBX 1,499 ($19.39) per share, with a total value of £299.80 ($387.74). In other Mondi news, insider Andrew King acquired 20 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was bought at an average cost of GBX 1,499 ($19.39) per share, with a total value of £299.80 ($387.74). Also, insider Philip Yea acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was acquired at an average cost of GBX 1,545 ($19.98) per share, with a total value of £77,250 ($99,909.47). In the last ninety days, insiders acquired 5,039 shares of company stock valued at $7,784,551. Company insiders own 1.36% of the company’s stock.

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.