Wynn Macau (OTCMKTS:WYNMY) Sees Large Volume Increase – Time to Buy?

Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY) shares saw unusually-high trading volume on Thursday . Approximately 4,876 shares changed hands during trading, an increase of 113% from the previous session’s volume of 2,294 shares.The stock last traded at $7.45 and had previously closed at $7.5770.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded Wynn Macau from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Wynn Macau presently has an average rating of “Buy”.

Wynn Macau Trading Down 1.7%

The stock has a fifty day moving average of $8.15 and a 200-day moving average of $8.31.

Wynn Macau Company Profile

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.