Mondi (OTCMKTS:MONDY) Shares Cross Below 50 Day Moving Average – What’s Next?

Mondi plc (OTCMKTS:MONDY)’s stock price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $31.70 and traded as low as $30.55. Mondi shares last traded at $30.67, with a volume of 7,462 shares changing hands.

Mondi Stock Down 0.2 %

The company has a quick ratio of 1.32, a current ratio of 2.06 and a debt-to-equity ratio of 0.36. The firm has a fifty day simple moving average of $31.72 and a 200-day simple moving average of $32.13.

Mondi Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, June 2nd. Investors of record on Friday, April 4th will be paid a dividend of $1.0074 per share. This is a boost from Mondi’s previous dividend of $0.45. The ex-dividend date is Friday, April 4th.

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.