Shares of Melco International Development Ltd. (OTCMKTS:MDEVF – Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $0.4254, but opened at $0.3871. Melco International Development shares last traded at $0.3871, with a volume of 25,000 shares traded.
Analysts Set New Price Targets
Separately, CICC Research cut shares of Melco International Development to a “market perform” rating in a research report on Sunday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Melco International Development has an average rating of “Hold”.
View Our Latest Research Report on Melco International Development
Melco International Development Stock Down 2.4%
Melco International Development Company Profile
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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