Wynn Macau (OTCMKTS:WYNMY) Shares Gap Down – Time to Sell?

Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY) gapped down prior to trading on Tuesday . The stock had previously closed at $7.99, but opened at $7.52. Wynn Macau shares last traded at $7.5350, with a volume of 400 shares traded.

Analyst Ratings Changes

Separately, Citigroup raised 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 given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy”.

Wynn Macau Stock Down 5.7%

The company has a 50-day moving average price of $8.31 and a 200 day moving average price of $8.27.

About Wynn Macau

Wynn Macau Limited, trading as an American depositary receipt on the OTC Markets under the symbol WYNMY, is an operator of luxury integrated resorts in the Macau Special Administrative Region of the People’s Republic of China. As a subsidiary of Wynn Resorts, the company develops, owns and operates two world-class properties—Wynn Macau on the Macau Peninsula and Wynn Palace on Cotai—each offering a blend of gaming, hospitality and entertainment amenities.

The core of Wynn Macau’s business is gaming, with a focus on high-end table games and electronic gaming machines that cater to premium mass and VIP clientele.