Wynn Macau (OTCMKTS:WYNMF) Reaches New 52-Week Low – Time to Sell?

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on WYNMF shares. 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 note on Friday, July 10th. Two analysts have rated the stock with a Buy rating. According to data from MarketBeat, Wynn Macau currently has a consensus rating of “Buy”.

Wynn Macau Stock Down 3.1%

The stock has a fifty day moving average of $0.69 and a 200 day moving average of $0.70.

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.