Mondi (LON:MNDI) Hits New 52-Week Low – Time to Sell?

Mondi plc (LON:MNDI)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as GBX 1,084 ($13.98) and last traded at GBX 1,106.50 ($14.27), with a volume of 5834865 shares traded. The stock had previously closed at GBX 1,163.50 ($15.01).

Analyst Upgrades and Downgrades

Separately, Citigroup dropped their price objective on Mondi from GBX 1,600 ($20.64) to GBX 1,550 ($19.99) and set a “buy” rating for the company in a research report on Tuesday, February 25th.

Mondi Stock Down 2.3 %

The firm’s fifty day moving average is GBX 1,234.48 and its 200-day moving average is GBX 1,255.45. The company has a market capitalization of £5.50 billion, a P/E ratio of 14.23, a price-to-earnings-growth ratio of 0.76 and a beta of 0.68. The company has a debt-to-equity ratio of 41.00, a quick ratio of 1.14 and a current ratio of 2.06.

Mondi Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 16th. Stockholders of record on Thursday, April 3rd will be issued a dividend of €0.47 ($0.51) per share. The ex-dividend date is Thursday, April 3rd. This is an increase from Mondi’s previous dividend of $0.23. This represents a dividend yield of 3.14%. Mondi’s dividend payout ratio is 81.60%.

Insider Activity

In other Mondi news, insider Andrew King bought 26 shares of Mondi stock in a transaction on Wednesday, January 8th. The shares were purchased at an average cost of GBX 1,161 ($14.98) per share, with a total value of £301.86 ($389.40). In the last ninety days, insiders bought 62 shares of company stock worth $76,374. Insiders own 1.36% of the company’s stock.

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.