Melco International Development Ltd. (OTCMKTS:MDEVF – Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $0.3750, but opened at $0.39. Melco International Development shares last traded at $0.39, with a volume of 44,000 shares traded.
Analyst Upgrades and Downgrades
Separately, CICC Research downgraded Melco International Development to a “market perform” rating in a research report on Sunday, August 16th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.
Read Our Latest Report on Melco International Development
Melco International Development Stock Up 4.0%
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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