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

Wynn Macau, Limited (OTCMKTS:WYNMF)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $0.63 and last traded at $0.63, with a volume of 25000 shares trading hands. The stock had previously closed at $0.6631.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on WYNMF shares. The Goldman Sachs Group upgraded Wynn Macau to a “buy” rating in a report on Tuesday. CLSA raised Wynn Macau to an “outperform” rating in a research report on Friday, July 10th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy”.

Wynn Macau Stock Down 5.0%

The stock’s 50 day moving average is $0.69 and its two-hundred day moving average is $0.72.

About Wynn Macau

Wynn Macau, Limited engages in the development, ownership, and operation of integrated destination casino resorts in the People’s Republic of China. It operates through two segments, Wynn Palace and Wynn Macau. The company offers tables games, slot machines or similar gaming devices; offers 24-hour gaming, and various games comprising private gaming salons and sky casinos; a luxury hotel with guest rooms, suites, and villas; food and beverage outlets; brand-name and retail shopping; recreation and leisure facilities, including a cable car ride through SkyCab, health club, spa, salon, and pool; and a meeting and convention spaces.