WuXi Biologics (Cayman) (OTCMKTS:WXXWY) Shares Gap Down – Here’s Why

WuXi Biologics (Cayman) Inc. (OTCMKTS:WXXWY) shares gapped down before the market opened on Wednesday. The stock had previously closed at $13.55, but opened at $12.48. WuXi Biologics (Cayman) shares last traded at $12.53, with a volume of 2,894 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research raised shares of WuXi Biologics (Cayman) to a “hold” rating in a research report on Friday, August 28th. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat, the company currently has an average rating of “Hold”.

WuXi Biologics (Cayman) Stock Up 1.2%

The stock’s fifty day simple moving average is $12.88 and its 200-day simple moving average is $10.27.

WuXi Biologics (Cayman) Company Profile

WuXi Biologics (Cayman) Inc is a global contract research, development and manufacturing organization (CRDMO) focused on biologic medicines. The company works with pharmaceutical and biotechnology customers to support the development and production of biologic therapies, including monoclonal antibodies, recombinant proteins, vaccines and other complex biological products.

Its services span early-stage discovery and cell-line development through process development, clinical manufacturing, regulatory support and commercial-scale production.