Millennium Group International (NASDAQ:MGIH) Announces Earnings Results

Millennium Group International (NASDAQ:MGIH) issued its quarterly earnings results on Thursday. The company reported ($0.17) earnings per share for the quarter, reports. The company had revenue of $4.74 million for the quarter.

Millennium Group International Stock Down 1.5%

NASDAQ:MGIH traded down $0.02 during midday trading on Friday, hitting $1.33. The stock had a trading volume of 3,768 shares, compared to its average volume of 112,651. The stock has a 50-day moving average of $1.48 and a 200 day moving average of $1.49. Millennium Group International has a one year low of $1.11 and a one year high of $1.98.

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 equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Millennium Group International presently has an average rating of “Sell”.

Millennium Group International Company Profile

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.