Wynn Macau (OTCMKTS:WYNMF) Reaches New 1-Year Low – Time to Sell?

Wynn Macau, Limited (OTCMKTS:WYNMF) shares reached a new 52-week low on Wednesday. The stock traded as low as $0.5668 and last traded at $0.5668, with a volume of 107 shares traded. The stock had previously closed at $0.61.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. CLSA raised Wynn Macau to an “outperform” rating in a report on Friday, July 10th. The Goldman Sachs Group upgraded Wynn Macau to a “buy” rating in a report on Tuesday, July 14th. Two analysts have rated the stock with a Buy rating. According to data from MarketBeat, Wynn Macau has a consensus rating of “Buy”.

Wynn Macau Price Performance

The company’s 50 day moving average price is $0.68 and its two-hundred day moving average price is $0.70.

Wynn Macau Company Profile

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.