WuXi PharmaTech (Cayman) Inc. (WX) saw a big move last session, as the company’s shares fell over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the most recent downtrend for WX, as the stock is down nearly 18% in the past one month time frame.
The slump shouldn’t be too much of a surprise to investors, as the Medical company has seen 3 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
WX currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.
A better-ranked stock in the Medical Drugs industry is Lannett Company, Inc. (LCI), which currently carries a Zacks Rank #1 (Strong Buy).
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