Mondi (OTCMKTS:MONDY) Downgraded by Barclays to Strong Sell

Barclays lowered shares of Mondi (OTCMKTS:MONDY) from a hold rating to a strong sell rating in a research note released on Monday morning,Zacks.com reports.

Several other research analysts also recently issued reports on MONDY. UBS Group upgraded shares of Mondi from a “hold” rating to a “strong-buy” rating in a report on Friday, October 18th. Citigroup upgraded shares of Mondi from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 10th.

Mondi Trading Up 0.7 %

Shares of OTCMKTS:MONDY traded up $0.21 during trading on Monday, hitting $29.27. 50,961 shares of the company were exchanged, compared to its average volume of 19,253. The business’s 50 day moving average is $35.11 and its 200-day moving average is $37.53. The company has a quick ratio of 1.32, a current ratio of 2.06 and a debt-to-equity ratio of 0.36. Mondi has a 1-year low of $28.22 and a 1-year high of $44.28.

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.