Wynn Macau (OTCMKTS:WYNMF) Stock Price Up 11.1% – Here’s What Happened

Wynn Macau, Limited (OTCMKTS:WYNMF) was up 11.1% on Wednesday . The stock traded as high as $0.70 and last traded at $0.70. 100 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 7,630 shares. The stock had previously closed at $0.63.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on WYNMF shares. CLSA raised Wynn Macau to an “outperform” rating in a research note on Friday, July 10th. The Goldman Sachs Group upgraded Wynn Macau to a “buy” rating in a research note on Tuesday, July 14th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Wynn Macau has a consensus rating of “Buy”.

Wynn Macau Price Performance

The stock’s 50 day simple moving average is $0.68 and its 200 day simple moving average is $0.71.

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.