Check-Cap (NASDAQ:CHEK) Shares Pass Below 50 Day Moving Average – What’s Next?

Check-Cap Ltd. (NASDAQ:CHEK) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $1.65 and traded as low as $1.21. Check-Cap shares last traded at $1.21, with a volume of 36,736 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Check-Cap in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Check-Cap Stock Up 37.2%

The firm has a 50-day moving average of $1.67 and a 200 day moving average of $1.08. The stock has a market capitalization of $9.71 million, a P/E ratio of -0.60 and a beta of 0.41.

About Check-Cap

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.