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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) traded down 15.3% on Wednesday . The stock traded as low as $0.46 and last traded at $0.46. 3,000 shares traded hands during mid-day 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 Stock Performance

The company has a quick ratio of 0.59, a current ratio of 0.61 and a debt-to-equity ratio of 6.48. The firm has a 50 day moving average price of $0.53 and a two-hundred day moving average price of $0.55.

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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