Melco International Development (OTCMKTS:MDEVF) Stock Crosses Above 50-Day Moving Average – Here’s What Happened

Shares of Melco International Development Limited (OTCMKTS:MDEVFGet Free Report) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $0.60 and traded as high as $0.68. Melco International Development shares last traded at $0.68, with a volume of 6,500 shares trading hands.

Melco International Development Trading Down 3.5 %

The company has a 50 day moving average of $0.60 and a 200-day moving average of $0.69. The company has a current ratio of 0.69, a quick ratio of 0.67 and a debt-to-equity ratio of 5.64.

About Melco International Development

(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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