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Melco International Development (OTCMKTS:MDEVF) Stock Price Down 15.3% - Here's Why

Melco International Development logo with Consumer Discretionary background

Melco International Development Ltd. (OTCMKTS:MDEVF - Get Free Report) fell 15.3% during mid-day trading on Wednesday . The company traded as low as $0.46 and last traded at $0.46. 3,000 shares changed hands during trading, an increase of 2,999,900% from the average session volume of 0 shares. The stock had previously closed at $0.55.

Melco International Development Price Performance

The business has a 50 day moving average of $0.53 and a 200-day 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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