Wynn Macau (OTCMKTS:WYNMY) Reaches New 1-Year Low – What’s Next?

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

Analysts Set New Price Targets

Several equities analysts have recently commented on WYNMY shares. CLSA cut shares of Wynn Macau from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, July 10th. 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. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Strong Buy”.

Wynn Macau Stock Down 2.1%

The business’s fifty day moving average price is $7.02 and its 200 day moving average price 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.