WuXi AppTec (OTCMKTS:WUXAY) Reaches New 52-Week High – What’s Next?

WuXi AppTec Co., Ltd. (OTCMKTS:WUXAY)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $26.50 and last traded at $26.0860, with a volume of 1100 shares changing hands. The stock had previously closed at $25.5575.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of WuXi AppTec from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Strong Buy”.

WuXi AppTec Stock Up 0.5%

The firm has a 50 day moving average price of $20.16 and a two-hundred day moving average price of $17.15.

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.