WuXi AppTec (OTCMKTS:WUXAY) Shares Gap Up – Time to Buy?

WuXi AppTec Co., Ltd. (OTCMKTS:WUXAY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $25.55, but opened at $26.81. WuXi AppTec shares last traded at $26.81, with a volume of 114 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of 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 given a Buy rating to the company. Based on data from MarketBeat, WuXi AppTec presently has an average rating of “Strong Buy”.

WuXi AppTec Trading Up 0.8%

The firm has a fifty day simple moving average of $19.94 and a 200 day simple moving average of $17.07.

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.