Millennium Group International (NASDAQ:MGIH) Shares Down 3.6% – Time to Sell?

Millennium Group International Holdings Limited (NASDAQ:MGIH)’s share price was down 3.6% during trading on Wednesday. The company traded as low as $1.33 and last traded at $1.33. Approximately 3,126 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 113,669 shares. The stock had previously closed at $1.38.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Millennium Group International in a report on Friday, August 7th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Millennium Group International Stock Up 0.7%

The stock’s fifty day moving average price is $1.48 and its 200-day moving average price is $1.49.

Millennium Group International (NASDAQ:MGIH) last announced its earnings results on Thursday, October 29th. The company reported ($0.17) EPS for the quarter. The company had revenue of $4.74 million for the quarter.

About Millennium Group International

Millennium Group International Holdings Limited is a paper packaging company that designs, manufactures and sells paper-based packaging products. Its offerings include corrugated cartons, paper boxes, paper displays and other customized packaging products used for product protection, presentation and transportation.

The company serves businesses that require branded and functional paper packaging, with products tailored to customers’ specifications, including packaging design, materials, printing and finishing requirements.