Melco International Development (OTCMKTS:MDEVF) Shares Down 7.3% - Time to Sell?

Key Points

• Melco International Development Ltd. shares fell by 7.3% to $0.62, with trading volume down 32% compared to average sessions.
• The company has a high debt-to-equity ratio of 6.48 and current and quick ratios below 1, indicating potential liquidity concerns.
• Melco operates in the leisure and entertainment sectors across regions including Macau, the Philippines, Cyprus, and Japan, focusing on casino gaming and entertainment resorts.

Melco International Development Ltd. (OTCMKTS:MDEVF - ) traded down 7.3% during trading on Friday . The stock traded as low as $0.62 and last traded at $0.62. 2,500 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 3,703 shares. The stock had previously closed at $0.66.

Melco International Development Stock Performance

The company has a debt-to-equity ratio of 6.48, a current ratio of 0.61 and a quick ratio of 0.59. The company's 50-day simple moving average is $0.61 and its two-hundred day simple moving average is $0.56.

About Melco International Development

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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