Melco International Development (OTCMKTS:MDEVF) Shares Gap Down – Time to Sell?

Melco International Development Ltd. (OTCMKTS:MDEVFGet Free Report) gapped down prior to trading on Friday . The stock had previously closed at $0.5710, but opened at $0.5014. Melco International Development shares last traded at $0.5398, with a volume of 9,500 shares changing hands.

Melco International Development Stock Performance

The company has a current ratio of 0.58, a quick ratio of 0.57 and a debt-to-equity ratio of 6.50. The firm’s 50-day moving average is $0.55 and its two-hundred day moving average is $0.61.

Melco International Development Company Profile

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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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