Wynn Macau (OTCMKTS:WYNMF) Reaches New 1-Year Low – Here’s What Happened

Wynn Macau, Limited (OTCMKTS:WYNMF) shares hit a new 52-week low during 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 Analysts Forecast Growth

A number of analysts recently commented on WYNMF shares. The Goldman Sachs Group upgraded Wynn Macau to a “buy” rating in a research report on Tuesday, July 14th. CLSA raised shares of Wynn Macau to an “outperform” rating in a research report on Friday, July 10th. Two investment analysts have rated the stock with a Buy rating. According to MarketBeat, the stock has a consensus rating of “Buy”.

Wynn Macau Stock Down 3.1%

The firm has a 50 day moving average price of $0.69 and a 200 day moving average price of $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.