Melco International Development (OTCMKTS:MDEVF) Stock Passes Below 50 Day Moving Average – Here’s Why

Melco International Development Limited (OTCMKTS:MDEVFGet Free Report) shares passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $0.57 and traded as low as $0.53. Melco International Development shares last traded at $0.53, with a volume of 1,000 shares.

Melco International Development Price Performance

The company has a quick ratio of 0.67, a current ratio of 0.69 and a debt-to-equity ratio of 5.64. The company’s fifty day moving average price is $0.57 and its 200 day moving average price is $0.60.

Melco International Development Company Profile

(Get Free Report)

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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