Wynn Macau (OTCMKTS:WYNMY) Sees Strong Trading Volume – Still a Buy?

Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY) shares saw strong trading volume on Wednesday . 64,548 shares traded hands during mid-day trading, an increase of 300% from the previous session’s volume of 16,135 shares.The stock last traded at $7.16 and had previously closed at $7.1150.

Analyst Ratings Changes

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

Wynn Macau Stock Performance

The firm’s 50-day moving average is $6.97 and its two-hundred day moving average is $7.11.

About Wynn Macau

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.