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

WuXi AppTec Co., Ltd. (OTCMKTS:WUXAY) gapped down prior to trading on Wednesday . The stock had previously closed at $19.7136, but opened at $18.56. WuXi AppTec shares last traded at $18.56, with a volume of 407 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of WuXi AppTec to a “hold” rating in a report on Monday, April 13th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

WuXi AppTec Price Performance

The firm has a fifty day simple moving average of $17.06 and a 200 day simple moving average of $15.46.

WuXi AppTec (OTCMKTS:WUXAY) last released its quarterly earnings results on Monday, April 27th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.05. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.59 billion.

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.