WuXi AppTec (OTCMKTS:WUXAY) Sets New 1-Year High – Here’s What Happened

WuXi AppTec Co., Ltd. (OTCMKTS:WUXAY)’s stock price reached a new 52-week high during trading on Wednesday. The stock traded as high as $27.80 and last traded at $27.80, with a volume of 220 shares changing hands. The stock had previously closed at $26.48.

Analysts Set New Price Targets

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 issued a Buy rating to the company. According to MarketBeat.com, WuXi AppTec presently has an average rating of “Strong Buy”.

WuXi AppTec Stock Up 3.1%

The stock has a 50-day simple moving average of $24.38 and a 200 day simple moving average of $19.39.

About WuXi AppTec

WuXi AppTec is a contract research, development and manufacturing organization (CRDMO) that provides services to pharmaceutical, biotechnology and medical-device companies. Its offerings span the drug-development process, including early-stage discovery, medicinal and synthetic chemistry, biology research, analytical testing, preclinical studies, clinical research support, process development and commercial manufacturing.

The company supports a broad range of therapeutic programs, with capabilities covering small-molecule drugs, biologics, chemical and pharmaceutical products, and cell and gene therapies.