Melco International Development (OTCMKTS:MDEVF) Shares Up 1.8% – Should You Buy?

Melco International Development Ltd. (OTCMKTS:MDEVFGet Free Report) shares shot up 1.8% during trading on Wednesday . The stock traded as high as $0.6041 and last traded at $0.6041. 2,500 shares were traded during mid-day trading, a decline of 40% from the average session volume of 4,176 shares. The stock had previously closed at $0.5937.

Melco International Development Stock Performance

The stock has a fifty day moving average price of $0.67 and a 200 day moving average price of $0.63.

Melco International Development Company Profile

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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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