WuXi AppTec (OTCMKTS:WUXAY) Shares Gap Down – Should You Sell?

WuXi AppTec Co., Ltd. (OTCMKTS:WUXAY) shares gapped down before the market opened on Monday . The stock had previously closed at $26.13, but opened at $24.80. WuXi AppTec shares last traded at $24.0250, with a volume of 523 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research upgraded WuXi AppTec from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. One equities research 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, the stock currently has a consensus rating of “Strong Buy”.

WuXi AppTec Stock Up 1.2%

The business’s 50 day simple moving average is $22.08 and its 200 day simple moving average is $17.93.

About WuXi AppTec

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.