Wynn Macau (OTCMKTS:WYNMY) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $6.87 and traded as high as $7.02. Wynn Macau shares last traded at $7.02, with a volume of 614 shares changing hands.

Analyst Ratings Changes

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

Wynn Macau Stock Up 0.3%

The stock’s 50 day moving average price is $6.87 and its two-hundred day moving average price is $7.15.

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.