Check-Cap (NASDAQ:CHEK) Shares Cross Below 50-Day Moving Average – Here’s What Happened

by · The Cerbat Gem

Check-Cap Ltd. (NASDAQ:CHEK – Get Free Report) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $1.60 and traded as low as $1.50. Check-Cap shares last traded at $1.6150, with a volume of 58,962 shares.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CHEK shares. Wall Street Zen raised Check-Cap to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Check-Cap in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Read Our Latest Report on CHEK

Check-Cap Trading Up 2.2%

The company has a fifty day moving average price of $1.60 and a two-hundred day moving average price of $1.24. The firm has a market capitalization of $9.45 million, a PE ratio of -0.58 and a beta of 0.41.

Check-Cap Company Profile

(Get Free Report)

Check-Cap Ltd. (NASDAQ: CHEK) is a clinical-stage medical device company focused on the development of non-invasive screening technologies for colorectal cancer. The company’s lead product, the C-Scan® system, is designed to provide a full-colonic 360° visualization by combining an ingestible X-ray emitting capsule with an external detector array and proprietary image reconstruction algorithms. Intended as a minimally invasive alternative to traditional colonoscopy, the C-Scan system aims to improve patient comfort and compliance while maintaining high sensitivity for detecting polyps and early-stage lesions.

The C-Scan procedure involves the patient ingesting the capsule, which passes naturally through the gastrointestinal tract.

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