Melco International Development (OTCMKTS:MDEVF) Sees Strong Trading Volume - What's Next?

Key Points

• Melco International Development (OTCMKTS:MDEVF) experienced a significant increase in trading volume, with 7,500 shares traded, a rise of 101% compared to the previous session.
• The stock is currently trading at $0.66, maintaining the same closing price as the previous day.
• Melco International Development operates in the leisure and entertainment business across several regions including Macau, the Philippines, Cyprus, and Japan.

Melco International Development Ltd. (OTCMKTS:MDEVF - ) saw an uptick in trading volume on Thursday . 7,500 shares were traded during trading, an increase of 101% from the previous session's volume of 3,724 shares.The stock last traded at $0.66 and had previously closed at $0.66.

Melco International Development Trading Down 0.2%

The company's fifty day simple moving average is $0.61 and its 200-day simple moving average is $0.55. The company has a current ratio of 0.61, a quick ratio of 0.59 and a debt-to-equity ratio of 6.48.

Melco International Development Company Profile

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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