Barclays Downgrades Mondi (OTCMKTS:MONDY) to Strong Sell

Mondi (OTCMKTS:MONDY) was downgraded by stock analysts at Barclays from a “hold” rating to a “strong sell” rating in a research report issued on Monday,Zacks.com reports.

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

Mondi Stock Up 0.7 %

MONDY stock traded up $0.21 on Monday, hitting $29.27. 50,961 shares of the company’s stock were exchanged, compared to its average volume of 19,253. Mondi has a 12-month low of $28.22 and a 12-month high of $44.28. The firm has a 50 day moving average price of $35.11 and a two-hundred day moving average price of $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 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.