WuXi Biologics (Cayman) (OTCMKTS:WXXWY) Shares Gap Up – Still a Buy?

WuXi Biologics (Cayman) Inc. (OTCMKTS:WXXWY) shares gapped up before the market opened on Thursday . The stock had previously closed at $12.20, but opened at $12.5899. WuXi Biologics (Cayman) shares last traded at $11.93, with a volume of 425 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised WuXi Biologics (Cayman) to a “hold” rating in a research report on Friday, August 28th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, WuXi Biologics (Cayman) has a consensus rating of “Hold”.

WuXi Biologics (Cayman) Stock Up 1.7%

The company has a fifty day moving average of $11.00 and a 200-day moving average of $9.51.

WuXi Biologics (Cayman) Company Profile

WuXi Biologics (Cayman) is a global contract research, development and manufacturing organization (CRDMO) focused on biologic medicines. The company provides integrated services to pharmaceutical and biotechnology customers across the development cycle, from early-stage discovery and preclinical research through clinical development, regulatory support and commercial manufacturing.

Its capabilities include the development and production of monoclonal antibodies, recombinant proteins, vaccines, antibody-drug conjugates and other biologic modalities.