Wynn Macau (OTCMKTS:WYNMY) Trading Down 3.8% – What’s Next?

Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY)’s share price was down 3.8% during mid-day trading on Thursday . The stock traded as low as $6.50 and last traded at $6.50. Approximately 8,256 shares changed hands during trading, a decline of 47% from the average daily volume of 15,591 shares. The stock had previously closed at $6.7550.

Analyst Ratings Changes

Several equities research analysts have commented on the company. CLSA cut Wynn Macau from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, July 10th. The Goldman Sachs Group upgraded Wynn Macau from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat.com, the company has an average rating of “Strong Buy”.

Wynn Macau Stock Performance

The company’s 50-day simple moving average is $7.12 and its 200 day simple moving average is $7.08.

About Wynn Macau

Wynn Macau Limited is a Macau-based hospitality and gaming company and a subsidiary of Wynn Resorts, Limited. The company develops and operates integrated resort properties that combine casino gaming with luxury accommodations, dining, retail, entertainment and leisure amenities.

Its principal properties are Wynn Macau, located on the Macau Peninsula, and Wynn Palace, located in the Cotai area. The resorts offer gaming facilities, hotel rooms and suites, restaurants, spas, retail outlets, meeting and convention space, and entertainment attractions.