Mondi (LON:MNDI) Share Price Passes Above Two Hundred Day Moving Average of $1,408.68

Shares of Mondi plc (LON:MNDI) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,408.68 ($17.40) and traded as high as GBX 1,516 ($18.73). Mondi shares last traded at GBX 1,508.50 ($18.63), with a volume of 1,462,163 shares.

Mondi Price Performance

The stock has a fifty day moving average of GBX 1,396.74 and a two-hundred day moving average of GBX 1,408.81. The stock has a market cap of £6.65 billion, a price-to-earnings ratio of 1,539.29, a price-to-earnings-growth ratio of 0.76 and a beta of 0.73. The company has a quick ratio of 1.14, a current ratio of 2.09 and a debt-to-equity ratio of 33.12.

Mondi Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 14th. Investors of record on Thursday, April 4th will be issued a dividend of €0.47 ($0.50) per share. This represents a yield of 2.89%. The ex-dividend date is Thursday, April 4th. Mondi’s dividend payout ratio is presently 6,326.53%.

Insider Buying and Selling

In other news, insider Andrew King bought 20 shares of the stock in a transaction on Thursday, March 7th. The shares were bought at an average price of GBX 1,395 ($17.23) per share, with a total value of £279 ($344.61). 1.36% of the stock is currently owned by corporate insiders.

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.