Millennium Group International (NASDAQ:MGIH) Stock Price Down 0.7% – Here’s What Happened

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Millennium Group International in a research note on Friday, October 31st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Millennium Group International Price Performance

The company has a quick ratio of 1.73, a current ratio of 1.87 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average price of $1.85 and a 200-day moving average price of $1.77.

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.