Millennium Group International (NASDAQ:MGIH) Shares Down 0.7% – What’s Next?

Millennium Group International Holdings Limited (NASDAQ:MGIH)’s share price was down 0.7% during trading on Monday . The stock traded as low as $1.30 and last traded at $1.34. Approximately 10,766 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 24,828 shares. The stock had previously closed at $1.35.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Millennium Group International in a research report on Friday, October 31st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Millennium Group International Price Performance

The firm’s 50 day moving average price is $1.85 and its two-hundred day moving average price is $1.77. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.87 and a quick ratio of 1.73.

About Millennium Group International

Millennium Group International Holdings Limited, an investment holding company, provides paper-based packaging solutions in Mainland China, Hong Kong, Vietnam, rest of Southeast Asian countries, Australia, the United States, and internationally. The company offers paper packaging products, including cardboard boxes, gift boxes, displays, corrugated outer cartons, manuals, and user guides to footwear products, sportswear, cookware and kitchenware, smartphones, food and beverage, paper and packaging, non-food-and-beverage-consumables, logistics, e-commerce, and home electronics industries; and packaging solutions to various luxury products industries.