Meridian Holdings (MRDN) Stays Flat Even as Nasdaq Drops
Meridian Holdings Inc. closed up 3 cents at $12.25 on Friday, bucking a broad market selloff that saw the S&P 500 fall 2.64% and the Nasdaq drop 4.2%. The company reported first-quarter revenue of $50.1 million and net income of $2.2 million. Meridian’s cash fell to $16.2 million as of March 31, with a working capital deficit of $22.8 million.