WuXi Biologics (Cayman) (OTCMKTS:WXXWY) Shares Gap Down – Should You Sell?

Shares of WuXi Biologics (Cayman) Inc. (OTCMKTS:WXXWY) gapped down before the market opened on Thursday . The stock had previously closed at $9.00, but opened at $8.34. WuXi Biologics (Cayman) shares last traded at $8.5650, with a volume of 623 shares trading hands.

WuXi Biologics (Cayman) Trading Down 1.9%

The firm’s 50 day moving average is $9.30 and its 200 day moving average is $9.13.

About WuXi Biologics (Cayman)

WuXi Biologics (Cayman) Inc, trading OTC as WXXWY, is a global contract research, development and manufacturing organization (CDMO) specializing in biologics. Founded as a spin-out from WuXi AppTec and incorporated in the Cayman Islands in 2017, the company offers end-to-end support across the biologics value chain. Its service portfolio encompasses discovery biology, analytical development, process chemistry and large-scale manufacturing for therapeutic proteins and antibodies.

The firm’s core offerings include the development of monoclonal antibodies, recombinant proteins and cell and gene therapy vectors.