Wynn Macau (OTCMKTS:WYNMY) Reaches New 12-Month Low – Should You Sell?

Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY) reached a new 52-week low on Thursday. The company traded as low as $5.9550 and last traded at $5.9550, with a volume of 1,082 shares trading hands. The stock had previously closed at $6.2659.

Analyst Upgrades and Downgrades

WYNMY has been the subject of several research analyst reports. The Goldman Sachs Group upgraded shares of Wynn Macau from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. CLSA downgraded Wynn Macau from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

Wynn Macau Stock Down 5.0%

The stock’s 50 day simple moving average is $6.83 and its 200 day simple moving average is $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.