Shares of Melco International Development Ltd. (OTCMKTS:MDEVF – Get Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as $0.3660 and last traded at $0.3660, with a volume of 750 shares changing hands. The stock had previously closed at $0.3750.
Wall Street Analyst Weigh In
Separately, CICC Research downgraded Melco International Development to a “market perform” rating in a report on Sunday, August 16th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.
View Our Latest Stock Report on MDEVF
Melco International Development Trading Down 2.4%
Melco International Development Company Profile
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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