Wynn Macau (OTCMKTS:WYNMF) Sets New 52-Week Low – Here’s What Happened

Wynn Macau, Limited (OTCMKTS:WYNMF)’s stock price hit a new 52-week low during trading on Wednesday. The stock traded as low as $0.6299 and last traded at $0.6299, with a volume of 21,900 shares trading hands. The stock had previously closed at $0.65.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WYNMF. The Goldman Sachs Group upgraded shares of Wynn Macau to a “buy” rating in a research note on Tuesday, July 14th. CLSA upgraded Wynn Macau to an “outperform” rating in a research report on Friday, July 10th. Two research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Wynn Macau Price Performance

The stock has a 50 day moving average of $0.69 and a 200 day moving average of $0.69.

About Wynn Macau

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.