Mondi (OTCMKTS:MONDY) Hits New 52-Week Low – Should You Sell?

Mondi plc (OTCMKTS:MONDY) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $30.68 and last traded at $30.69, with a volume of 17314 shares trading hands. The stock had previously closed at $31.08.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Barclays upgraded Mondi from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 7th. UBS Group raised Mondi from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 18th. Finally, Citigroup raised Mondi from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 10th.

Mondi Trading Down 1.5 %

The company has a quick ratio of 1.32, a current ratio of 2.06 and a debt-to-equity ratio of 0.36. The firm’s fifty day moving average price is $35.45 and its 200 day moving average price is $37.65.

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.