Shares of Melco International Development Ltd. (OTCMKTS:MDEVF – Get Free Report) hit a new 52-week low during trading on Thursday. The company traded as low as $0.2845 and last traded at $0.2845, with a volume of 7,500 shares changing hands. The stock had previously closed at $0.3311.
Wall Street Analysts Forecast Growth
Separately, CICC Research lowered shares of Melco International Development to a “market perform” rating in a research note on Sunday, August 16th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.
Read Our Latest Research Report on MDEVF
Melco International Development Price Performance
The firm has a 50 day moving average of $0.36 and a two-hundred day moving average of $0.46.
Melco International Development Company Profile
Melco International Development Limited is a Hong Kong-based investment holding company with a long history dating to 1910. The company has evolved into a global leisure and entertainment group, with its principal activities conducted through subsidiaries and associated businesses in the integrated resort and gaming industries.
Melco’s portfolio includes casinos, hotels, restaurants, retail facilities, entertainment venues and convention spaces. Its interests include major integrated resorts such as City of Dreams and Altira Macau in Macau, City of Dreams Manila in the Philippines, and Studio City Macau.
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