Mondi (LON:MNDI) Stock Crosses Above 200 Day Moving Average of $1,408.68

Mondi plc (LON:MNDI) shares 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 traded.

Mondi Trading Up 1.1 %

The firm has a market capitalization of £6.65 billion, a P/E ratio of 1,539.29, a price-to-earnings-growth ratio of 0.76 and a beta of 0.73. The company has a debt-to-equity ratio of 33.12, a quick ratio of 1.14 and a current ratio of 2.09. The firm has a 50 day moving average price of GBX 1,396.74 and a two-hundred day moving average price of GBX 1,408.68.

Mondi Cuts Dividend

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

Insider Transactions at Mondi

In other Mondi news, insider Andrew King bought 20 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was acquired 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 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.