Wynn Macau (OTCMKTS:WYNMY) Reaches New 1-Year Low – Here’s Why

Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY) reached a new 52-week low during trading on Thursday. The stock traded as low as $5.9550 and last traded at $5.9550, with a volume of 1,082 shares trading hands. The stock had previously closed at $6.2659.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on WYNMY shares. CLSA lowered Wynn Macau from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, July 10th. The Goldman Sachs Group upgraded Wynn Macau from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Wynn Macau Stock Down 1.1%

The business’s 50 day moving average price is $6.78 and its two-hundred day moving average price is $6.95.

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.