WuXi AppTec (OTCMKTS:WUXAY) Hits New 1-Year High – Here’s Why

Shares of WuXi AppTec Co., Ltd. (OTCMKTS:WUXAY – Get Free Report) reached a new 52-week high on Wednesday. The company traded as high as $27.80 and last traded at $27.80, with a volume of 220 shares trading hands. The stock had previously closed at $26.48.

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 analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

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WuXi AppTec Stock Performance

The company has a 50 day moving average price of $24.66 and a 200 day moving average price of $19.57.

About WuXi AppTec

(Get Free Report)

WuXi AppTec is a contract research, development and manufacturing organization (CRDMO) that provides services to pharmaceutical, biotechnology and medical-device companies. Its offerings span the drug-development process, including early-stage discovery, medicinal and synthetic chemistry, biology research, analytical testing, preclinical studies, clinical research support, process development and commercial manufacturing.

The company supports a broad range of therapeutic programs, with capabilities covering small-molecule drugs, biologics, chemical and pharmaceutical products, and cell and gene therapies.

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