Wynn Macau (OTCMKTS:WYNMY) Reaches New 52-Week Low – Here’s Why
by Tristan Rich · The Markets DailyWynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $5.9550 and last traded at $5.9550, with a volume of 1,082 shares. The stock had previously closed at $6.2659.
Analyst Ratings Changes
A number of research firms have commented on WYNMY. The Goldman Sachs Group upgraded Wynn Macau from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. CLSA downgraded shares of Wynn Macau from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.
View Our Latest Research Report on Wynn Macau
Wynn Macau Trading Down 5.0%
The stock has a fifty day moving average of $6.83 and a two-hundred day moving average of $6.96.
Wynn Macau Company Profile
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.