Melco International Development Ltd. (OTCMKTS:MDEVF – Get Free Report) hit a new 52-week low on Tuesday . The stock 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 lowered Melco International Development to a “market perform” rating in a report on Sunday, August 16th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.
Read Our Latest Report on Melco International Development
Melco International Development Stock Performance
About Melco International Development
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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