Millennium Group International (NASDAQ:MGIH) Shares Down 2.3% – What’s Next?

Millennium Group International Holdings Limited (NASDAQ:MGIH)’s share price dropped 2.3% during trading on Tuesday . The stock traded as low as $1.2250 and last traded at $1.29. Approximately 24,343 shares were traded during trading, a decline of 33% from the average daily volume of 36,215 shares. The stock had previously closed at $1.32.

Analyst Upgrades and Downgrades

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

Millennium Group International Price Performance

The company’s fifty day moving average price is $1.54 and its two-hundred day moving average price is $1.75. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.73 and a current ratio of 1.87.

Millennium Group International Company Profile

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.