WuXi Biologics (Cayman) (OTCMKTS:WXXWY) Sees Strong Trading Volume – Still a Buy?

WuXi Biologics (Cayman) Inc. (OTCMKTS:WXXWYGet Free Report) saw an uptick in trading volume on Wednesday . Approximately 111,093 shares traded hands during mid-day trading, an increase of 52% from the previous session’s volume of 72,933 shares.The stock last traded at $10.20 and had previously closed at $9.90.

WuXi Biologics (Cayman) Trading Down 0.5%

The firm has a fifty day moving average of $8.91 and a 200 day moving average of $9.10.

About WuXi Biologics (Cayman)

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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.

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