Wynn Macau (OTCMKTS:WYNMY) Shares Gap Up – Still a Buy?

Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY) shares gapped up before the market opened on Friday. The stock had previously closed at $5.9550, but opened at $6.22. Wynn Macau shares last traded at $6.22, with a volume of 594 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on WYNMY shares. The Goldman Sachs Group upgraded shares of Wynn Macau from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. CLSA cut shares of Wynn Macau from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

Wynn Macau Stock Performance

The business’s 50-day moving average price is $6.81 and its two-hundred day moving average price is $6.95.

About Wynn Macau

Wynn Macau Limited is a developer and operator of integrated resort properties in Macau. The company is associated with Wynn Resorts and serves the Macau market through luxury resorts that combine casino gaming with hotels, restaurants, retail outlets, entertainment venues, spas and convention facilities.

Its principal properties include Wynn Macau on the Macau Peninsula and Wynn Palace in the Cotai area. The Wynn Macau resort also includes the Encore at Wynn Macau hotel tower. These properties offer a range of gaming options, premium accommodations, fine dining and leisure experiences aimed at both international visitors and regional travelers.

Wynn Macau Limited was established as part of Wynn Resorts’ expansion into Macau after receiving a gaming concession in 2002.