WuXi Biologics (Cayman) (OTCMKTS:WXXWY) Trading Up 7.2% – Still a Buy?

Shares of WuXi Biologics (Cayman) Inc. (OTCMKTS:WXXWY) shot up 7.2% during mid-day trading on Friday . The company traded as high as $9.69 and last traded at $9.65. 400 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 73,829 shares. The stock had previously closed at $9.00.

WuXi Biologics (Cayman) Trading Up 2.5%

The company has a 50-day simple moving average of $8.41 and a two-hundred day simple moving average of $8.97.

WuXi Biologics (Cayman) Company Profile

WuXi Biologics (Cayman) Inc, trading OTC as WXXWY, is a global contract research, development and manufacturing organization (CDMO) specializing in biologics. Founded as a spin-out from WuXi AppTec and incorporated in the Cayman Islands in 2017, the company offers end-to-end support across the biologics value chain. Its service portfolio encompasses discovery biology, analytical development, process chemistry and large-scale manufacturing for therapeutic proteins and antibodies.

The firm’s core offerings include the development of monoclonal antibodies, recombinant proteins and cell and gene therapy vectors.