Melco International Development Ltd. (OTCMKTS:MDEVF – Get Free Report) shares reached a new 52-week low during trading on Monday . The company traded as low as $0.3918 and last traded at $0.3918, with a volume of 16600 shares trading hands. The stock had previously closed at $0.4196.
Analysts Set New Price Targets
Separately, CICC Research lowered shares of Melco International Development to a “market perform” rating in a research note on Sunday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.
Get Our Latest Research Report on Melco International Development
Melco International Development Trading Down 7.9%
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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