Wynn Macau (OTCMKTS:WYNMF) Trading Down 4.9% - What's Next?

Key Points

• Wynn Macau's share price fell by 4.9%, trading as low as $0.77, with a significant drop in trading volume representing a 45% decline from the average daily volume.
• Citigroup upgraded Wynn Macau to a "buy" rating on Tuesday, contributing to an overall average rating of "Buy" for the stock.
• The company recently paid a $0.185 dividend to shareholders, reflecting a high dividend yield of 535.0%.

Wynn Macau, Limited (OTCMKTS:WYNMF - Get Free Report)'s share price was down 4.9% during trading on Tuesday . The company traded as low as $0.77 and last traded at $0.77. Approximately 6,000 shares traded hands during trading, a decline of 45% from the average daily volume of 10,811 shares. The stock had previously closed at $0.81.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised Wynn Macau to a "buy" rating in a research note on Tuesday. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy".

Wynn Macau Stock Down 4.9%

The stock has a 50 day moving average price of $0.87 and a two-hundred day moving average price of $0.76.

Wynn Macau Announces Dividend

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

Wynn Macau Company Profile

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.

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