WuXi AppTec (OTCMKTS:WUXAY) Sees Unusually-High Trading Volume – Here’s What Happened

WuXi AppTec Co., Ltd. (OTCMKTS:WUXAY) shares saw an uptick in trading volume on Thursday. 7,941 shares were traded during trading, an increase of 60% from the previous session’s volume of 4,972 shares. The stock last traded at $24.28 and had previously closed at $25.12.

Analyst Ratings Changes

Separately, Zacks Research lowered WuXi AppTec from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

WuXi AppTec Stock Performance

The company’s fifty day simple moving average is $25.72 and its two-hundred day simple moving average is $20.84.

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.