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

Melco International Development logo with Consumer Discretionary background

Key Points

  • Melco International Development's stock price gapped down from $0.62 to $0.57 before trading on Friday, accompanied by a trading volume of 26,000 shares.
  • The company's stock has decreased by 8.7%, reflecting ongoing financial challenges with a current ratio of 0.61 and a debt-to-equity ratio of 6.48.
  • Melco operates in the leisure and entertainment sector with properties in Macau, the Philippines, Cyprus, and Japan, focusing on casino gaming and hospitality services.
  • MarketBeat previews the top five stocks to own by October 1st.

Melco International Development Ltd. (OTCMKTS:MDEVF - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $0.62, but opened at $0.57. Melco International Development shares last traded at $0.57, with a volume of 26,000 shares changing hands.

Melco International Development Price Performance

The company has a 50 day moving average of $0.62 and a 200 day moving average of $0.56. The company has a debt-to-equity ratio of 6.48, a current ratio of 0.61 and a quick ratio of 0.59.

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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