Wynn Macau (OTCMKTS:WYNMY) Shares Gap Up – Should You Buy?

Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY) gapped up prior to trading on Friday . The stock had previously closed at $6.64, but opened at $6.87. Wynn Macau shares last traded at $6.88, with a volume of 1,067 shares changing hands.

Analyst Ratings Changes

Several research firms recently issued reports on WYNMY. CLSA lowered Wynn Macau from a “strong-buy” rating to a “moderate buy” rating in a research report 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 investment analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat.com, Wynn Macau presently has a consensus rating of “Strong Buy”.

Wynn Macau Price Performance

The business’s fifty day simple moving average is $6.91 and its 200-day simple moving average is $7.17.

Wynn Macau Company Profile

Wynn Macau Limited, trading as an American depositary receipt on the OTC Markets under the symbol WYNMY, is an operator of luxury integrated resorts in the Macau Special Administrative Region of the People’s Republic of China. As a subsidiary of Wynn Resorts, the company develops, owns and operates two world-class properties—Wynn Macau on the Macau Peninsula and Wynn Palace on Cotai—each offering a blend of gaming, hospitality and entertainment amenities.

The core of Wynn Macau’s business is gaming, with a focus on high-end table games and electronic gaming machines that cater to premium mass and VIP clientele.