Wynn Macau (OTCMKTS:WYNMY) Reaches New 12-Month Low – What’s Next?

Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY)’s share price reached a new 52-week low during mid-day trading on Wednesday. The company traded as low as $5.70 and last traded at $5.70, with a volume of 819 shares. The stock had previously closed at $5.8563.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on WYNMY. CLSA lowered shares of Wynn Macau from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, July 10th. The Goldman Sachs Group upgraded shares of Wynn Macau from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

Wynn Macau Price Performance

The stock’s fifty day moving average price is $6.66 and its 200-day moving average price is $7.03.

About Wynn Macau

Wynn Macau Limited is a developer and operator of integrated resort properties in Macau. The company is associated with Wynn Resorts and serves the Macau market through luxury resorts that combine casino gaming with hotels, restaurants, retail outlets, entertainment venues, spas and convention facilities.

Its principal properties include Wynn Macau on the Macau Peninsula and Wynn Palace in the Cotai area. The Wynn Macau resort also includes the Encore at Wynn Macau hotel tower. These properties offer a range of gaming options, premium accommodations, fine dining and leisure experiences aimed at both international visitors and regional travelers.

Wynn Macau Limited was established as part of Wynn Resorts’ expansion into Macau after receiving a gaming concession in 2002.