Wynn Macau (OTCMKTS:WYNMY) Reaches New 12-Month Low – What’s Next?

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

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised shares of Wynn Macau from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

Wynn Macau Trading Down 4.8%

The company has a fifty day moving average of $6.47 and a 200-day moving average of $6.98.

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.