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Melco International Development (OTCMKTS:MDEVF) Stock Passes Below 50 Day Moving Average - What's Next?

Melco International Development logo with Consumer Discretionary background

Key Points

  • Melco International Development's stock price has fallen below its 50-day moving average, trading at $0.57 compared to the average of $0.62.
  • The company's current financial ratios indicate potential risk, with a debt-to-equity ratio of 6.48 and a current ratio of 0.61.
  • Melco International develops and operates casino resorts, primarily in regions like Macau, the Philippines, Cyprus, and Japan.
  • MarketBeat previews top five stocks to own in October.

Melco International Development Ltd. (OTCMKTS:MDEVF - Get Free Report)'s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.62 and traded as low as $0.57. Melco International Development shares last traded at $0.57, with a volume of 26,000 shares traded.

Melco International Development Stock Performance

The business has a fifty 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.

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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