Mondi (OTCMKTS:MONDY) Shares Up 0.1%

Shares of Mondi plc (OTCMKTS:MONDY) shot up 0.1% during trading on Friday . The stock traded as high as $39.11 and last traded at $38.70. 5,404 shares were traded during mid-day trading, a decline of 45% from the average session volume of 9,882 shares. The stock had previously closed at $38.66.

Wall Street Analysts Forecast Growth

Separately, Barclays upgraded shares of Mondi from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 7th.

Mondi Trading Up 0.1 %

The company has a current ratio of 2.09, a quick ratio of 1.53 and a debt-to-equity ratio of 0.24. The stock’s 50-day simple moving average is $38.67 and its 200 day simple moving average is $37.48.

Mondi Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, August 23rd will be given a dividend of $0.4533 per share. The ex-dividend date is Friday, August 23rd.

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.