Mondi Plc Uns (OTCMKTS:MONDY) Stock Rating Upgraded by The Goldman Sachs Group

Mondi Plc Uns (OTCMKTS:MONDY) was upgraded by The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday, Zacks reports.

Separately, 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. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Mondi Plc Uns has an average rating of “Hold”.

Mondi Plc Uns Stock Down 0.9%

MONDY stock opened at $22.36 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.53 and a quick ratio of 0.87. Mondi Plc Uns has a one year low of $17.87 and a one year high of $28.32. The company’s 50 day moving average price is $22.12 and its two-hundred day moving average price is $21.62.

Hedge Funds Weigh In On Mondi Plc Uns

A hedge fund recently bought a new position in Mondi Plc Uns stock. Syon Capital LLC bought a new position in Mondi Plc Uns (OTCMKTS:MONDY) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,676 shares of the company’s stock, valued at approximately $58,000.

Mondi Plc Uns Company Profile

Mondi plc is a global packaging and paper company that develops and manufactures packaging solutions and paper products for businesses across a range of industries. Its portfolio serves sectors including food and beverages, consumer goods, e-commerce, agriculture, construction and industrial manufacturing.

The company produces corrugated packaging, containerboard, paper bags, flexible packaging, films, kraft paper and specialty papers. Mondi also provides protective and industrial packaging products, as well as packaging systems designed to support customers’ filling, wrapping and logistics operations.

Mondi operates an integrated business model spanning forestry, pulp and paper production, packaging materials and converted packaging products.