Wynn Macau (OTCMKTS:WYNMY) Shares Pass Above 50 Day Moving Average – Time to Sell?

Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY)’s stock price 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.

Analyst Ratings Changes

WYNMY has been the subject of a number of recent analyst reports. 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 upgraded shares of Wynn Macau from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Strong Buy”.

Wynn Macau Stock Up 0.3%

The stock has a fifty day moving average of $6.87 and a 200-day moving average of $7.15.

Wynn Macau Company Profile

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.