WuXi AppTec (OTCMKTS:WUXAY) Shares Gap Down – Time to Sell?

WuXi AppTec Co., Ltd. (OTCMKTS:WUXAY)’s share price gapped down prior to trading 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.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised WuXi AppTec from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat, WuXi AppTec currently has a consensus rating of “Strong Buy”.

WuXi AppTec Stock Down 6.1%

The business’s 50 day simple moving average is $21.77 and its 200-day simple moving average is $17.81.

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.