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

Shares of Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY) hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as $6.20 and last traded at $6.20, with a volume of 122 shares traded. The stock had previously closed at $6.3950.

Wall Street Analysts Forecast Growth

WYNMY has been the topic of several research reports. CLSA downgraded Wynn Macau from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, July 10th. The Goldman Sachs Group raised Wynn Macau from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Wynn Macau Stock Down 2.1%

The firm’s 50 day simple moving average is $7.02 and its two-hundred day simple moving average is $7.02.

About Wynn Macau

Wynn Macau Limited is a Macau-based hospitality and gaming company and a subsidiary of Wynn Resorts, Limited. The company develops and operates integrated resort properties that combine casino gaming with luxury accommodations, dining, retail, entertainment and meeting facilities.

Its principal properties include Wynn Macau, located on the Macau Peninsula, and Wynn Palace, located in the Cotai area. The resorts offer hotel rooms and suites, gaming areas, restaurants, lounges, retail outlets, entertainment venues and other services designed for leisure and business visitors.

Wynn Macau Limited has operated in Macau since the opening of Wynn Macau in 2006, followed by the opening of Wynn Palace in 2016.