Melco International Development Ltd. (OTCMKTS:MDEVF – Get Free Report) saw an uptick in trading volume on Tuesday . 10,000 shares were traded during mid-day trading, an increase of 196% from the previous session’s volume of 3,383 shares.The stock last traded at $0.5120 and had previously closed at $0.57.
Melco International Development Stock Down 6.1%
The business’s 50 day simple moving average is $0.59 and its 200-day simple moving average is $0.63. The company has a debt-to-equity ratio of 6.50, a quick ratio of 0.57 and a current ratio of 0.58.
Melco International Development Company Profile
Melco International Development Limited is a Hong Kong–based investment holding company with diversified interests across property development, hospitality, gaming and entertainment sectors in Asia. The company pursues opportunities in integrated resort operations, property investment and development projects, leveraging its background in real estate to support long-term growth.
Through its controlling stake in Melco Resorts & Entertainment, Melco International is involved in the design, development and operation of world-class integrated resorts.
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