Millennium Group International (NASDAQ:MGIH) Stock Price Down 2.3% – Should You Sell?

Millennium Group International Holdings Limited (NASDAQ:MGIH)’s stock 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 traded hands during mid-day trading, a decline of 33% from the average daily volume of 36,215 shares. The stock had previously closed at $1.32.

Analyst Ratings Changes

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

Millennium Group International Stock Down 2.3%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.73 and a current ratio of 1.87. The firm has a 50 day simple moving average of $1.55 and a 200-day simple moving average of $1.75.

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.