Millennium Group International (NASDAQ:MGIH) Stock Price Down 1.9% – Should You Sell?

Millennium Group International Holdings Limited (NASDAQ:MGIH)’s share price dropped 1.9% on Wednesday . The stock traded as low as $2.03 and last traded at $2.09. Approximately 30,925 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 897,244 shares. The stock had previously closed at $2.13.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Millennium Group International in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Millennium Group International has an average rating of “Sell”.

Millennium Group International Price Performance

The company’s 50-day moving average is $2.08 and its 200 day moving average is $1.74.

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.