Wynn Macau (OTCMKTS:WYNMF) Sees Large Volume Increase – Still a Buy?

Wynn Macau, Limited (OTCMKTS:WYNMF) saw strong trading volume on Tuesday . 10,000 shares changed hands during mid-day trading, a decline of 10% from the previous session’s volume of 11,143 shares.The stock last traded at $0.85 and had previously closed at $0.87.

Analyst Ratings Changes

Separately, Citigroup raised shares of Wynn Macau from a “hold” rating to a “buy” rating in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Wynn Macau Stock Performance

The company has a 50 day moving average of $0.86 and a two-hundred day moving average of $0.79.

Wynn Macau Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, September 17th. Investors of record on Wednesday, September 3rd were paid a $0.185 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a yield of 535.0%.

About Wynn Macau

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.