Millennium Group International (NASDAQ:MGIH) Shares Up 2.5% – Here’s Why

Millennium Group International Holdings Limited (NASDAQ:MGIH) shares shot up 2.5% on Friday . The company traded as high as $1.64 and last traded at $1.63. 25,986 shares were traded during mid-day trading, a decline of 95% from the average session volume of 496,099 shares. The stock had previously closed at $1.59.

Millennium Group International Stock Up 2.5 %

The stock’s 50 day simple moving average is $1.67 and its two-hundred day simple moving average is $1.56. The company has a current ratio of 2.29, a quick ratio of 1.98 and a debt-to-equity ratio of 0.01.

About Millennium Group International

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.