Mondi (LON:MNDI) Trading Down 7.2% – Here’s Why

Mondi plc (LON:MNDI) traded down 7.2% on Thursday . The company traded as low as GBX 1,279.50 ($16.71) and last traded at GBX 1,290 ($16.85). 105,906,188 shares were traded during mid-day trading, an increase of 4,503% from the average session volume of 2,300,665 shares. The stock had previously closed at GBX 1,390 ($18.15).

Mondi Stock Performance

The company has a debt-to-equity ratio of 37.41, a quick ratio of 1.14 and a current ratio of 2.07. The business has a 50 day moving average price of GBX 1,429.74 and a two-hundred day moving average price of GBX 1,482.88. The company has a market cap of £5.66 billion, a P/E ratio of 1,733.78, a price-to-earnings-growth ratio of 0.76 and a beta of 0.68.

Mondi Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, August 22nd were paid a €0.23 ($0.25) dividend. This represents a dividend yield of 1.29%. The ex-dividend date of this dividend was Thursday, August 22nd. Mondi’s dividend payout ratio (DPR) is presently 8,108.11%.

Insider Activity

In related news, insider Andrew King bought 22 shares of the stock in a transaction dated Monday, October 7th. The stock was bought at an average price of GBX 1,425 ($18.61) per share, with a total value of £313.50 ($409.38). In the last quarter, insiders purchased 54 shares of company stock valued at $77,818. Insiders own 1.36% of the company’s stock.

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.