Wynn Macau (OTCMKTS:WYNMY) Shares Gap Down – Time to Sell?

Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $7.50, but opened at $7.1995. Wynn Macau shares last traded at $7.1995, with a volume of 252 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on WYNMY shares. 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 analysts have 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 Price Performance

The company’s 50-day moving average is $6.94 and its 200-day moving average is $7.12.

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.