Melco International Development (OTCMKTS:MDEVF) Shares Gap Down - Here's What Happened

Key Points

• Melco International Development shares gapped down from $0.68 to $0.63 before trading and last traded at $0.66 with a volume of 25,000 shares.
• The company's financial ratios indicate a current ratio of 0.61, a quick ratio of 0.59, and a high debt-to-equity ratio of 6.48.
• Melco International Development is involved in the leisure and entertainment business, operating casino resorts primarily in Macau, the Philippines, Cyprus, and Japan.

Melco International Development Ltd. (OTCMKTS:MDEVF - ) gapped down prior to trading on Wednesday . The stock had previously closed at $0.68, but opened at $0.63. Melco International Development shares last traded at $0.66, with a volume of 25,000 shares trading hands.

Melco International Development Stock Down 1.7%

The firm'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.

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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