Wynn Macau (OTCMKTS:WYNMY) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $6.87 and traded as high as $7.02. Wynn Macau shares last traded at $7.02, with a volume of 614 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on WYNMY. CLSA cut Wynn Macau from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, July 10th. The Goldman Sachs Group raised Wynn Macau from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Two analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat.com, Wynn Macau has a consensus rating of “Strong Buy”.

Wynn Macau Trading Up 0.3%

The company’s fifty day moving average is $6.87 and its 200 day moving average is $7.15.

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.