Melco International Development (OTCMKTS:MDEVF) Stock Price Down 4.5% – Should You Sell?

Melco International Development Limited (OTCMKTS:MDEVFGet Free Report)’s stock price fell 4.5% during trading on Thursday . The stock traded as low as $0.64 and last traded at $0.64. 2,500 shares were traded during mid-day trading, a decline of 49% from the average session volume of 4,891 shares. The stock had previously closed at $0.67.

Melco International Development Price Performance

The business has a 50 day simple moving average of $0.65 and a two-hundred day simple moving average of $0.65. The company has a current ratio of 0.69, a quick ratio of 0.67 and a debt-to-equity ratio of 5.64.

Melco International Development Company Profile

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Melco International Development Limited, an investment holding company, engages in the leisure and entertainment business in Macau, the Philippines, Cyprus, and Japan. It operates in two segments: Casino and Hospitality, and Others. The company develops, owns, and operates a network of casino gaming and entertainment casino resorts.

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