WuXi AppTec (OTCMKTS:WUXAY) Sets New 52-Week High – What’s Next?

WuXi AppTec Co., Ltd. (OTCMKTS:WUXAY) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $21.4750 and last traded at $21.4750, with a volume of 1900 shares changing hands. The stock had previously closed at $19.78.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of WuXi AppTec to a “hold” rating in a research note on Monday, April 13th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

WuXi AppTec Stock Performance

The company’s fifty day moving average price is $18.07 and its two-hundred day moving average price is $16.33.

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.