Mondi (LON:MNDI) Shares Pass Above 200-Day Moving Average of $1,408.68

Shares of Mondi plc (LON:MNDI) crossed 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 trading hands.

Mondi Stock Up 1.1 %

The company’s 50-day moving average is GBX 1,396.74 and its 200 day moving average is GBX 1,408.68. The company has a market capitalization of £6.65 billion, a PE ratio of 1,539.29, a P/E/G 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.

Mondi Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 14th. Stockholders 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 is Thursday, April 4th. Mondi’s dividend payout ratio (DPR) is presently 6,326.53%.

Insider Transactions at Mondi

In other news, insider Andrew King bought 20 shares of Mondi stock in a transaction that occurred on Thursday, March 7th. The stock was bought at an average cost of GBX 1,395 ($17.23) per share, with a total value of £279 ($344.61). Company 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.