Shares of Mondi Plc Uns (OTCMKTS:MONDY – Get Free Report) gapped down before the market opened on Thursday. The stock had previously closed at $21.51, but opened at $19.81. Mondi Plc Uns shares last traded at $19.76, with a volume of 11,536 shares.
Wall Street Analyst Weigh In
Several analysts have weighed in on MONDY shares. UBS Group cut Mondi Plc Uns from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. The Goldman Sachs Group upgraded Mondi Plc Uns from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 9th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Mondi Plc Uns currently has a consensus rating of “Hold”.
Check Out Our Latest Stock Report on MONDY
Mondi Plc Uns Stock Performance
The firm has a 50 day moving average price of $22.75 and a 200 day moving average price of $21.44.
Institutional Trading of Mondi Plc Uns
A hedge fund recently bought a new position in Mondi Plc Uns stock. Syon Capital LLC purchased a new position in Mondi Plc Uns (OTCMKTS:MONDY – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,676 shares of the company’s stock, valued at approximately $58,000.
Mondi Plc Uns Company Profile
Mondi plc is an international packaging and paper group that develops and manufactures solutions for consumer, industrial and e-commerce markets. Its products include corrugated packaging, paper bags, flexible packaging, containerboard, kraft paper, release liners and other specialty paper products.
The company serves customers across Europe and other regions, with operations and production sites in a range of countries. Mondi’s business is organized around packaging and paper applications, with an emphasis on recyclable and resource-efficient materials designed to replace less sustainable packaging formats.
Mondi traces its origins to 1967, when its first paper mill was established in South Africa as part of Anglo American.
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