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

Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY) shares gapped down before the market opened on Monday. The stock had previously closed at $6.4640, but opened at $6.1775. Wynn Macau shares last traded at $6.2550, with a volume of 459 shares trading hands.

Analyst Upgrades and Downgrades

WYNMY has been the subject of a number of research analyst reports. The Goldman Sachs Group raised Wynn Macau from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. CLSA downgraded Wynn Macau from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Strong Buy”.

Wynn Macau Stock Performance

The company’s 50 day simple moving average is $6.95 and its 200-day simple moving average is $7.00.

Wynn Macau Company Profile

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 meeting facilities.

Its principal properties include Wynn Macau, located on the Macau Peninsula, and Wynn Palace, located in the Cotai area. The resorts offer hotel rooms and suites, gaming areas, restaurants, lounges, retail outlets, entertainment venues and other services designed for leisure and business visitors.

Wynn Macau Limited has operated in Macau since the opening of Wynn Macau in 2006, followed by the opening of Wynn Palace in 2016.