Mondi Plc Uns (OTCMKTS:MONDY) Shares Gap Up – Here’s What Happened
by Mitch Edgeman · The Markets DailyMondi Plc Uns (OTCMKTS:MONDY – Get Free Report)’s share price gapped up prior to trading on Wednesday. The stock had previously closed at $20.8801, but opened at $21.79. Mondi Plc Uns shares last traded at $21.83, with a volume of 1,958 shares changing hands.
Analyst Ratings Changes
A number of brokerages have weighed in on MONDY. UBS Group cut shares of Mondi Plc Uns from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. The Goldman Sachs Group raised Mondi Plc Uns from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Mondi Plc Uns presently has an average rating of “Hold”.
Check Out Our Latest Stock Analysis on Mondi Plc Uns
Mondi Plc Uns Stock Up 1.1%
The stock has a 50 day moving average of $22.81 and a 200 day moving average of $21.45.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Mondi Plc Uns stock. Syon Capital LLC bought a new position in Mondi Plc Uns (OTCMKTS:MONDY – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,676 shares of the company’s stock, valued at approximately $58,000.
About Mondi Plc Uns
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.