Shares of Melco International Development Ltd. (OTCMKTS:MDEVF – Get Free Report) hit a new 52-week low on Tuesday . The company traded as low as $0.3660 and last traded at $0.3660, with a volume of 750 shares traded. The stock had previously closed at $0.3750.
Analyst Ratings Changes
Separately, CICC Research cut Melco International Development to a “market perform” rating in a research note on Sunday, August 16th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Melco International Development presently has an average rating of “Hold”.
Check Out Our Latest Research Report on MDEVF
Melco International Development Stock Performance
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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