Melco International Development Limited (OTCMKTS:MDEVF – Get Free Report) shares dropped 4.5% on Thursday . The company traded as low as $0.64 and last traded at $0.64. Approximately 2,500 shares changed hands during trading, a decline of 49% from the average daily volume of 4,891 shares. The stock had previously closed at $0.67.
Melco International Development Price Performance
The stock’s 50-day moving average price is $0.65 and its 200-day moving average price is $0.65. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.69 and a quick ratio of 0.67.
About Melco International Development
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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