Mike Powell, an insider at Mondi plc, purchased 17 shares of the company on December 5, 2023. The acquisition occurred at an average price of GBX 874 per share, resulting in a total investment of £148.58. This transaction comes as Mondi faces a decline in its stock value.
Shares of Mondi plc (LON:MNDI) experienced a drop of 1.1% during trading on Monday, December 8, 2023. The stock fell by GBX 9.84 to reach GBX 862.40 per share. During this trading session, approximately 1,567,907 shares exchanged hands, significantly lower than the average volume of 6,995,162 shares.
Stock Performance and Company Metrics
Mondi plc has seen its stock fluctuate within a year, recording a low of GBX 801.60 and a high of GBX 1,338. The company maintains a market capitalization of £3.80 billion, with a price-to-earnings (PE) ratio of 19.96 and a price/earnings to growth (PEG) ratio of 0.76.
Current financial ratios indicate a healthy liquidity position, with a current ratio of 2.06 and a quick ratio of 1.14. The debt-to-equity ratio stands at 41.00, suggesting a balanced approach to financing.
The stock’s fifty-day moving average is GBX 863.27, while the two-hundred-day moving average is significantly higher at GBX 1,030.64, reflecting the overall downward trend in recent months.
About Mondi plc
Mondi plc operates in the manufacturing and sale of packaging and paper solutions across several regions, including Africa, Western Europe, and North America. The company is structured into three main segments: Corrugated Packaging, Flexible Packaging, and Uncoated Fine Paper. As it continues to navigate market fluctuations, analysts remain attentive to its developments and stock performance.
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