Shares of Melco International Development Ltd. (OTCMKTS:MDEVF – Get Free Report) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $0.57 and traded as low as $0.5189. Melco International Development shares last traded at $0.5189, with a volume of 7,500 shares trading hands.
Melco International Development Stock Up 1.3%
The stock’s fifty day simple moving average is $0.57 and its 200 day simple moving average is $0.63. The company has a quick ratio of 0.57, a current ratio of 0.58 and a debt-to-equity ratio of 6.50.
About Melco International Development
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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