Melco International Development (OTCMKTS:MDEVF) Share Price Crosses Below 50-Day Moving Average – Should You Sell?

Melco International Development Limited (OTCMKTS:MDEVFGet Free Report) crossed below its fifty day moving average during trading on Monday . The stock has a fifty 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 changing hands.

Melco International Development Price Performance

The stock has a 50-day simple moving average of $0.57 and a 200-day simple moving average of $0.60. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.69 and a quick ratio of 0.67.

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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