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

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

Analysts Set New Price Targets

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

Wynn Macau Stock Down 0.3%

The company has a fifty day moving average of $7.12 and a 200 day moving average of $7.07.

Wynn Macau Company Profile

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.