WuXi Biologics (Cayman) (OTCMKTS:WXXWY) Shares Gap Down – Time to Sell?

WuXi Biologics (Cayman) Inc. (OTCMKTS:WXXWY) shares gapped down prior to trading on Tuesday . The stock had previously closed at $13.78, but opened at $13.1940. WuXi Biologics (Cayman) shares last traded at $13.20, with a volume of 399 shares trading hands.

Analysts Set New Price Targets

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

WuXi Biologics (Cayman) Stock Down 1.7%

The stock has a 50 day moving average of $11.53 and a 200-day moving average of $9.65.

About WuXi Biologics (Cayman)

WuXi Biologics (Cayman) is a global contract research, development and manufacturing organization (CRDMO) focused on biologic medicines. The company provides integrated services to pharmaceutical and biotechnology customers across the development cycle, from early-stage discovery and preclinical research through clinical development, regulatory support and commercial manufacturing.

Its capabilities include the development and production of monoclonal antibodies, recombinant proteins, vaccines, antibody-drug conjugates and other biologic modalities.