WuXi Biologics (Cayman) (OTCMKTS:WXXWY) Shares Gap Up – Here’s What Happened

Shares of WuXi Biologics (Cayman) Inc. (OTCMKTS:WXXWY) gapped up prior to trading on Tuesday. The stock had previously closed at $12.51, but opened at $12.9399. WuXi Biologics (Cayman) shares last traded at $12.52, with a volume of 46,436 shares changing hands.

Analyst Upgrades and Downgrades

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

WuXi Biologics (Cayman) Price Performance

The company has a 50-day moving average of $12.77 and a 200-day moving average of $10.26.

WuXi Biologics (Cayman) Company Profile

WuXi Biologics (Cayman) Inc. is a contract research, development and manufacturing organization focused on biologic medicines. Founded in 2010, the company provides services to biotechnology and pharmaceutical companies developing treatments for patients worldwide. Its services span the biologics development process, including discovery, cell-line and process development, analytical testing, and clinical and commercial manufacturing. The company works with products such as monoclonal and multispecific antibodies, recombinant proteins, and antibody-drug conjugates.