Wynn Macau (OTCMKTS:WYNMF) Sees Unusually-High Trading Volume – Still a Buy?

Wynn Macau, Limited (OTCMKTS:WYNMF) shares saw unusually-strong trading volume on Tuesday . Approximately 10,000 shares were traded 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.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded 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 data from MarketBeat.com, Wynn Macau currently has a consensus rating of “Buy”.

Wynn Macau Stock Down 2.3%

The firm’s fifty day moving average is $0.86 and its 200-day moving average is $0.79.

Wynn Macau Dividend Announcement

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

About Wynn Macau

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.