Wynn Macau (OTCMKTS:WYNMF) Trading 7.1% Higher – Should You Buy?

Wynn Macau, Limited (OTCMKTS:WYNMF)’s share price traded up 7.1% on Wednesday . The company traded as high as $0.89 and last traded at $0.89. 200 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 11,351 shares. The stock had previously closed at $0.8313.

Analyst Upgrades and Downgrades

Separately, Citigroup raised shares of Wynn Macau from a “hold” rating to a “buy” rating in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Wynn Macau Trading Up 1.9%

The company’s fifty day simple moving average is $0.86 and its 200-day simple moving average is $0.79.

Wynn Macau Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd were paid a dividend of $0.185 per share. This represents a yield of 535.0%. The ex-dividend date was Tuesday, September 2nd.

Wynn Macau Company Profile

Wynn Macau, Limited engages in the development, ownership, and operation of integrated destination casino resorts in the People’s Republic of China. It operates through two segments, Wynn Palace and Wynn Macau. The company offers tables games, slot machines or similar gaming devices; offers 24-hour gaming, and various games comprising private gaming salons and sky casinos; a luxury hotel with guest rooms, suites, and villas; food and beverage outlets; brand-name and retail shopping; recreation and leisure facilities, including a cable car ride through SkyCab, health club, spa, salon, and pool; and a meeting and convention spaces.