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Melco International Development (OTCMKTS:MDEVF) Trading Down 6.3% - Here's What Happened

Melco International Development logo with Consumer Discretionary background

Key Points

  • Melco International Development Ltd. saw its stock price drop by 6.3%, closing at $0.67 after trading as low as this value on Tuesday.
  • The company experienced an increase in trading volume of 294%, with approximately 17,667 shares changing hands compared to the average daily volume of 4,483 shares.
  • Melco International operates in the leisure and entertainment industry, focusing on casino gaming and entertainment resorts across Macau, the Philippines, Cyprus, and Japan.
  • Interested in Melco International Development? Here are five stocks we like better.

Melco International Development Ltd. (OTCMKTS:MDEVF - Get Free Report) fell 6.3% on Tuesday . The company traded as low as $0.67 and last traded at $0.67. 17,667 shares were traded during mid-day trading, an increase of 294% from the average session volume of 4,483 shares. The stock had previously closed at $0.71.

Melco International Development Price Performance

The company has a debt-to-equity ratio of 6.48, a quick ratio of 0.59 and a current ratio of 0.61. The company has a 50 day moving average price of $0.65 and a 200 day moving average price of $0.57.

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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