WuXi Biologics (Cayman) (OTCMKTS:WXXWY) Shares Up 2.8% – Should You Buy?

Shares of WuXi Biologics (Cayman) Inc. (OTCMKTS:WXXWY) shot up 2.8% on Monday . The stock traded as high as $9.87 and last traded at $9.8130. 10,339 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 34,567 shares. The stock had previously closed at $9.55.

WuXi Biologics (Cayman) Trading Up 2.8%

The company’s fifty day simple moving average is $8.47 and its 200-day simple moving average is $8.56.

About WuXi Biologics (Cayman)

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.