According to Zacks, “Check Cap Ltd. is a medical diagnostics company. The company is engaged in the development of an ingestible imaging capsule for the screening of colorectal cancer. Check Cap Ltd. is based in Mount Carmel, Israel. “
Separately, HC Wainwright restated a buy rating and issued a $15.00 price objective on shares of Check Cap in a research note on Wednesday, July 10th.
Check Cap (NASDAQ:CHEK) last announced its quarterly earnings results on Wednesday, November 6th. The medical research company reported ($0.42) EPS for the quarter, meeting the consensus estimate of ($0.42). On average, analysts predict that Check Cap will post -1.69 EPS for the current year.
A hedge fund recently raised its stake in Check Cap stock. Renaissance Technologies LLC lifted its stake in Check Cap Ltd (NASDAQ:CHEK) by 24.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 307,468 shares of the medical research company’s stock after acquiring an additional 60,026 shares during the period. Renaissance Technologies LLC owned approximately 19.16% of Check Cap worth $652,000 at the end of the most recent reporting period.
About Check Cap
Check-Cap Ltd., a clinical stage medical diagnostics company, engages in the development of a capsule-based system that utilizes low-dose X-rays for screening of the colon to detect polyps, masses, and colorectal cancers in Israel. Its C-Scan system consists of C-Scan Cap, an X-ray scanning capsule, which is designed to measure, collect, and transmit structural information; C-Scan Track, a biocompatible unit worn on the patient's back for capsule control, tracking, and data recording; and C-Scan View, a personal computer-based software package, which is designed to retrieve and process clinical data from the C-Scan Track, and to reconstruct and produce 3D visualization of the colon's inner surface.
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