Wynn Macau (OTCMKTS:WYNMF) Shares Gap Down – Here’s Why

Wynn Macau, Limited (OTCMKTS:WYNMF)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $0.6550, but opened at $0.63. Wynn Macau shares last traded at $0.63, with a volume of 25,000 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group raised shares of Wynn Macau to a “buy” rating in a research note on Tuesday. CLSA raised shares of Wynn Macau to an “outperform” rating in a report on Friday, July 10th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Wynn Macau Stock Down 5.0%

The company’s fifty day moving average is $0.69 and its two-hundred day moving average is $0.72.

Wynn Macau Company Profile

Wynn Macau, Limited engages in the development, ownership, and operation of integrated destination casino resorts in the People’s Republic of China. It operates through two segments, Wynn Palace and Wynn Macau. The company offers tables games, slot machines or similar gaming devices; offers 24-hour gaming, and various games comprising private gaming salons and sky casinos; a luxury hotel with guest rooms, suites, and villas; food and beverage outlets; brand-name and retail shopping; recreation and leisure facilities, including a cable car ride through SkyCab, health club, spa, salon, and pool; and a meeting and convention spaces.