Wynn Macau (OTCMKTS:WYNMF) Sees Strong Trading Volume – Here’s Why

Wynn Macau, Limited (OTCMKTS:WYNMF) shares saw strong trading volume on Tuesday . 10,000 shares changed hands during trading, a decline of 10% from the previous session’s volume of 11,143 shares.The stock last traded at $0.85 and had previously closed at $0.87.

Wall Street Analyst Weigh In

Separately, Citigroup raised Wynn Macau from a “hold” rating to a “buy” rating in a research report on Tuesday, October 14th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy”.

Wynn Macau Stock Up 2.4%

The firm’s fifty day moving average is $0.87 and its 200 day moving average is $0.79.

Wynn Macau Dividend Announcement

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

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.