Melco International Development Ltd. (OTCMKTS:MDEVF – Get Free Report) shares reached a new 52-week low on Friday. The stock traded as low as $0.35 and last traded at $0.35, with a volume of 5000 shares traded. The stock had previously closed at $0.3660.
Analysts Set New Price Targets
Separately, CICC Research lowered Melco International Development to a “market perform” rating in a research note on Sunday, August 16th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Melco International Development currently has an average rating of “Hold”.
Read Our Latest Stock Analysis on Melco International Development
Melco International Development Stock Down 14.8%
About Melco International Development
Melco International Development Limited is a Hong Kong-based investment holding company with core interests in the gaming, hospitality, leisure and entertainment industries. Through its subsidiaries and affiliated businesses, the company develops and operates integrated resorts that combine casino gaming with hotels, dining, retail, convention facilities and entertainment attractions.
Melco International’s principal gaming and resort interests are associated with Melco Resorts & Entertainment Limited, which operates properties in Macau and the Philippines and has developed integrated resort operations in Cyprus.
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