WuXi AppTec (OTCMKTS:WUXAY) Shares Gap Up – Still a Buy?

WuXi AppTec Co., Ltd. (OTCMKTS:WUXAY)’s stock price gapped up before the market opened on Tuesday. The stock had previously closed at $25.98, but opened at $26.92. WuXi AppTec shares last traded at $26.92, with a volume of 241 shares trading hands.

Analyst Ratings Changes

Separately, Zacks Research raised WuXi AppTec from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat, WuXi AppTec currently has a consensus rating of “Strong Buy”.

WuXi AppTec Price Performance

The business’s 50-day moving average price is $24.53 and its two-hundred day moving average price is $19.48.

About WuXi AppTec

WuXi AppTec is a contract research, development and manufacturing organization (CRDMO) that provides services to pharmaceutical, biotechnology and medical-device companies. Its offerings span the drug-development process, including early-stage discovery, medicinal and synthetic chemistry, biology research, analytical testing, preclinical studies, clinical research support, process development and commercial manufacturing.

The company supports a broad range of therapeutic programs, with capabilities covering small-molecule drugs, biologics, chemical and pharmaceutical products, and cell and gene therapies.