Check-Cap (NASDAQ:CHEK) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

Check-Cap Ltd. (NASDAQ:CHEK) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $1.77 and traded as high as $2.01. Check-Cap shares last traded at $1.9750, with a volume of 205,987 shares.

Analyst Ratings Changes

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

Check-Cap Price Performance

The firm has a 50 day moving average of $1.77 and a two-hundred day moving average of $1.11. The stock has a market cap of $11.56 million, a PE ratio of -0.71 and a beta of 0.41.

Check-Cap Company Profile

Check-Cap Ltd., a clinical stage medical diagnostics company, engages in the development of a capsule-based screening technology that utilizes ultra-low-dose X-rays to scan the inner lining of the colon for precancerous polyps, and other structural abnormalities in Israel. Its C-Scan system consists of C-Scan Cap, an X-ray scanning capsule for detection of suspected polyps; C-Scan Track, a disposable system attached to the patient's back through biocompatible adhesive skin patches; and C-Scan View software, a client/server-based application that enables procedure data download from the C-Scan Track, data analysis, and report generation.