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

Mondi plc (LON:MNDI) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-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 Stock Up 1.1 %

The firm has a market capitalization of £6.65 billion, a price-to-earnings ratio of 1,539.29, a P/E/G ratio of 0.76 and a beta of 0.73. The business has a 50 day simple moving average of GBX 1,396.74 and a 200-day simple moving average of GBX 1,408.81. The company has a debt-to-equity ratio of 33.12, a quick ratio of 1.14 and a current ratio of 2.09.

Mondi Cuts Dividend

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

Insiders Place Their Bets

In related news, insider Andrew King bought 20 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was acquired at an average cost of GBX 1,395 ($17.23) per share, with a total value of £279 ($344.61). Corporate insiders own 1.36% of the company’s stock.

About Mondi

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.