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

Shares of WuXi AppTec Co., Ltd. (OTCMKTS:WUXAY) saw unusually-strong trading volume on Thursday. Approximately 7,941 shares traded hands during mid-day trading, an increase of 60% from the previous session’s volume of 4,972 shares. The stock last traded at $24.28 and had previously closed at $25.12.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of WuXi AppTec from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

WuXi AppTec Price Performance

The firm’s fifty day moving average price is $25.79 and its two-hundred day moving average price is $20.76.

About WuXi AppTec

WuXi AppTec is a global pharmaceutical and biotechnology services company that provides contract research, development and manufacturing services. The company supports drug developers throughout the product life cycle, from early-stage discovery and laboratory testing through clinical development and commercial production.

Its offerings include medicinal and synthetic chemistry, biology research, preclinical and clinical testing, regulatory support, pharmaceutical manufacturing, and the development and manufacturing of advanced therapies.