Millennium Group International’s (NASDAQ:MGIH – Get Free Report) lock-up period will expire on Monday, October 2nd. Millennium Group International had issued 1,250,000 shares in its initial public offering on April 4th. The total size of the offering was $5,000,000 based on an initial share price of $4.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.
Millennium Group International Stock Up 3.8 %
Shares of MGIH opened at $1.93 on Monday. Millennium Group International has a 1 year low of $1.54 and a 1 year high of $4.63. The firm’s 50 day moving average is $1.90.
Institutional Investors Weigh In On Millennium Group International
An institutional investor recently bought a new position in Millennium Group International stock. Two Sigma Securities LLC acquired a new stake in shares of Millennium Group International Holdings Limited (NASDAQ:MGIH – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,579 shares of the company’s stock, valued at approximately $39,000. Two Sigma Securities LLC owned approximately 0.18% of Millennium Group International as of its most recent SEC filing. 0.27% of the stock is owned by institutional investors and hedge funds.
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, other Southeast Asian countries, Australia, the United States, and internationally. The company offers packaging products, including paper-based inner packaging boxes to industries and/or products, such as footwear products, sportswear, cookware and kitchenware, smartphones, and home electronics.
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