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Melco International Development (OTCMKTS:MDEVF) Shares Gap Down - Should You Sell?

Melco International Development logo with Consumer Discretionary background

Melco International Development Ltd. (OTCMKTS:MDEVF - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $0.55, but opened at $0.46. Melco International Development shares last traded at $0.46, with a volume of 3,000 shares changing hands.

Melco International Development Price Performance

The stock has a fifty day simple moving average of $0.53 and a 200-day simple moving average of $0.55. The company has a debt-to-equity ratio of 6.48, a quick ratio of 0.59 and a current ratio of 0.61.

Melco International Development Company Profile

(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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