Wynn Macau (OTCMKTS:WYNMF) Hits New 52-Week Low – Here’s Why

Shares of Wynn Macau, Limited (OTCMKTS:WYNMF) hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $0.5668 and last traded at $0.5668, with a volume of 107 shares traded. The stock had previously closed at $0.61.

Analyst Ratings Changes

Several brokerages have recently commented on WYNMF. The Goldman Sachs Group raised Wynn Macau to a “buy” rating in a report on Tuesday, July 14th. CLSA raised shares of Wynn Macau to an “outperform” rating in a research note on Friday, July 10th. Two analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Wynn Macau Price Performance

The company has a 50 day simple moving average of $0.68 and a 200-day simple moving average of $0.71.

Wynn Macau Company Profile

Wynn Macau Limited is a developer and operator of integrated resort facilities in Macau. The company’s properties combine casino gaming with luxury hotel accommodations, restaurants, retail outlets, entertainment venues, and meeting and convention facilities.

Its principal properties include Wynn Macau on the Macau Peninsula and Wynn Palace in the Cotai area, along with related hotel and resort amenities. These destinations serve visitors from mainland China, Hong Kong, Taiwan, and international markets, with operations focused on premium hospitality, leisure, entertainment, and gaming.

Wynn Macau Limited was established as part of Wynn Resorts’ expansion into Macau and became publicly listed in Hong Kong in 2009.