WuXi AppTec (OTCMKTS:WUXAY) Shares Gap Up – What’s Next?

WuXi AppTec Co., Ltd. (OTCMKTS:WUXAY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $25.55, but opened at $26.81. WuXi AppTec shares last traded at $26.81, with a volume of 114 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research raised WuXi AppTec from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat.com, WuXi AppTec presently has a consensus rating of “Strong Buy”.

WuXi AppTec Trading Up 0.8%

The stock has a 50-day moving average price of $19.94 and a two-hundred day moving average price of $17.07.

WuXi AppTec Company Profile

WuXi AppTec is a global contract research, development and manufacturing organization serving the pharmaceutical, biotechnology and medical device industries. Headquartered in Shanghai and founded in 2000, the company provides end-to-end solutions that span drug discovery, development and manufacturing. Its offerings enable customers to accelerate the research and development process for small molecules, biologics, cell and gene therapies, as well as medical devices.

Key services include chemistry and biology discovery support, preclinical safety assessment, analytical and formulation development, clinical manufacturing, large-scale biomanufacturing, and quality testing.