Wynn Macau (OTCMKTS:WYNMY) Stock Price Down 3.8% – Time to Sell?

Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY)’s share price dropped 3.8% during trading on Thursday . The stock traded as low as $6.50 and last traded at $6.50. 8,256 shares changed hands during trading, a decline of 47% from the average session volume of 15,591 shares. The stock had previously closed at $6.7550.

Analysts Set New Price Targets

A number of equities analysts recently commented on WYNMY shares. The Goldman Sachs Group upgraded Wynn Macau from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. CLSA downgraded Wynn Macau from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat.com, Wynn Macau currently has a consensus rating of “Strong Buy”.

Wynn Macau Stock Performance

The company has a 50 day simple moving average of $7.12 and a two-hundred day simple moving average of $7.08.

About Wynn Macau

Wynn Macau Limited is a Macau-based hospitality and gaming company and a subsidiary of Wynn Resorts, Limited. The company develops and operates integrated resort properties that combine casino gaming with luxury accommodations, dining, retail, entertainment and leisure amenities.

Its principal properties are Wynn Macau, located on the Macau Peninsula, and Wynn Palace, located in the Cotai area. The resorts offer gaming facilities, hotel rooms and suites, restaurants, spas, retail outlets, meeting and convention space, and entertainment attractions.