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Melco International Development (OTCMKTS:MDEVF) Sets New 1-Year High - Here's What Happened

Melco International Development logo with Consumer Discretionary background

Key Points

  • Melco International Development Ltd. reached a new 52-week high of $0.83 during trading, a significant increase from its previous close of $0.68.
  • The company's stock has experienced an increase of 21.4%, with a volume of 500 shares traded.
  • Melco operates in the leisure and entertainment business, notably in Macau, the Philippines, Cyprus, and Japan, focusing on casino gaming and entertainment resorts.
  • MarketBeat previews top five stocks to own in October.

Melco International Development Ltd. (OTCMKTS:MDEVF - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $0.83 and last traded at $0.83, with a volume of 500 shares changing hands. The stock had previously closed at $0.68.

Melco International Development Trading Up 21.4%

The company has a debt-to-equity ratio of 6.48, a quick ratio of 0.59 and a current ratio of 0.61. The company's 50-day simple moving average is $0.65 and its 200-day simple moving average is $0.58.

About Melco International Development

(Get Free Report)

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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