Shares of WuXi AppTec Co., Ltd. (OTCMKTS:WUXAY – Get Free Report) gapped up prior to trading on Wednesday. The stock had previously closed at $23.16, but opened at $25.72. WuXi AppTec shares last traded at $25.4155, with a volume of 952 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Zacks Research downgraded shares of WuXi AppTec from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.
Get Our Latest Report on WuXi AppTec
WuXi AppTec Trading Up 15.5%
The firm’s fifty day simple moving average is $25.43 and its 200 day simple moving average is $19.31.
About WuXi AppTec
WuXi AppTec is a global pharmaceutical and biotechnology services company that provides contract research, development and manufacturing services. The company supports drug developers throughout the product life cycle, from early-stage discovery and laboratory testing through clinical development and commercial production.
Its offerings include medicinal and synthetic chemistry, biology research, preclinical and clinical testing, regulatory support, pharmaceutical manufacturing, and the development and manufacturing of advanced therapies.
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