Wynn Macau (OTCMKTS:WYNMY) Share Price Passes Above 50-Day Moving Average – What’s Next?

Shares of Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $8.68 and traded as high as $8.8225. Wynn Macau shares last traded at $8.8225, with a volume of 239 shares.

Wall Street Analyst Weigh In

Separately, Citigroup upgraded shares of Wynn Macau from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy”.

Wynn Macau Stock Up 2.1%

The firm has a 50 day moving average price of $8.68 and a two-hundred day moving average price of $7.96.

Wynn Macau Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, September 5th were given a dividend of $0.2013 per share. This represents a yield of 417.0%. The ex-dividend date of this dividend was Thursday, September 4th.

Wynn Macau Company Profile

Wynn Macau, Limited, through its subsidiaries, engages in the development, ownership, and operation of integrated destination casino resorts in Macau. The company's Wynn Palace resort features approximately 468,000 square feet of casino space providing 24-hour gaming and various games comprising private gaming salons and sky casinos; a luxury hotel with guest rooms, suites, and villas; and food and beverage outlets.