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

Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY)’s stock price reached a new 52-week low on Friday. The stock traded as low as $5.61 and last traded at $5.61, with a volume of 4,068 shares changing hands. The stock had previously closed at $5.8916.

Analysts Set New Price Targets

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

Wynn Macau Stock Performance

The company has a 50-day moving average of $6.50 and a two-hundred day moving average of $6.99.

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.