Wynn Macau (OTCMKTS:WYNMF) Reaches New 12-Month Low – Time to Sell?

Wynn Macau, Limited (OTCMKTS:WYNMF)’s share price hit a new 52-week low during mid-day trading on Wednesday. The company 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.

Analyst Ratings Changes

WYNMF has been the topic of several recent analyst reports. The Goldman Sachs Group raised Wynn Macau to a “buy” rating in a research note on Tuesday, July 14th. CLSA upgraded Wynn Macau to an “outperform” rating in a report on Friday, July 10th. Two analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock presently has an average rating of “Buy”.

Wynn Macau Price Performance

The stock has a 50 day moving average price of $0.68 and a 200 day moving average price of $0.71.

About Wynn Macau

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.