WuXi AppTec (OTCMKTS:WUXAY) Sees Unusually-High Trading Volume – Here’s What Happened

WuXi AppTec Co., Ltd. (OTCMKTS:WUXAY) saw strong trading volume on Friday. Approximately 117,633 shares were traded during mid-day trading, an increase of 4,004% from the previous session’s volume of 2,866 shares. The stock last traded at $26.68 and had previously closed at $26.83.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded shares of WuXi AppTec from a “strong-buy” rating to a “hold” rating in a report on Monday. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

WuXi AppTec Stock Performance

The firm has a 50 day moving average of $25.40 and a 200-day moving average of $20.05.

WuXi AppTec Company Profile

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.