Wynn Macau (OTCMKTS:WYNMY) Shares Gap Up – Time to Buy?

Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY)’s share price gapped up before the market opened on Tuesday. The stock had previously closed at $5.67, but opened at $6.10. Wynn Macau shares last traded at $6.10, with a volume of 1,335 shares changing hands.

Analyst Upgrades and Downgrades

WYNMY has been the topic of several research analyst reports. CLSA cut shares of 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 shares of Wynn Macau from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

Wynn Macau Trading Up 3.7%

The company has a fifty day moving average price of $6.59 and a 200 day moving average price of $7.01.

Wynn Macau Company Profile

Wynn Macau Limited is a developer and operator of integrated resort properties in Macau. The company is associated with Wynn Resorts and serves the Macau market through luxury resorts that combine casino gaming with hotels, restaurants, retail outlets, entertainment venues, spas and convention facilities.

Its principal properties include Wynn Macau on the Macau Peninsula and Wynn Palace in the Cotai area. The Wynn Macau resort also includes the Encore at Wynn Macau hotel tower. These properties offer a range of gaming options, premium accommodations, fine dining and leisure experiences aimed at both international visitors and regional travelers.

Wynn Macau Limited was established as part of Wynn Resorts’ expansion into Macau after receiving a gaming concession in 2002.