Mondi (LON:MNDI) Reaches New 52-Week Low – Here’s Why

Mondi plc (LON:MNDIGet Free Report)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 1,234 ($16.06) and last traded at GBX 1,234.50 ($16.07), with a volume of 2529878 shares trading hands. The stock had previously closed at GBX 1,247 ($16.23).

Mondi Trading Down 1.1 %

The firm’s 50-day simple moving average is GBX 1,375.77 and its 200 day simple moving average is GBX 1,469.14. The company has a debt-to-equity ratio of 37.41, a current ratio of 2.07 and a quick ratio of 1.14. The firm has a market capitalization of £5.36 billion, a price-to-earnings ratio of 1,660.14, a P/E/G ratio of 0.76 and a beta of 0.68.

Insider Transactions at Mondi

In related news, insider Andrew King purchased 22 shares of Mondi stock in a transaction dated Monday, October 7th. The shares were bought at an average cost of GBX 1,425 ($18.55) per share, for a total transaction of £313.50 ($408.10). 1.36% of the stock is owned by insiders.

Mondi Company Profile

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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.

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