WuXi AppTec (OTCMKTS:WUXAY) Shares Gap Down – Here’s What Happened

WuXi AppTec Co., Ltd. (OTCMKTS:WUXAY)’s stock price 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 WuXi AppTec to a “hold” rating in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, WuXi AppTec presently has an average rating of “Moderate Buy”.

WuXi AppTec Price Performance

The stock’s 50 day moving average price is $17.13 and its 200-day moving average price is $15.54.

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