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

Check-Cap Ltd. (NASDAQ:CHEK)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty 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 traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Check-Cap in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Check-Cap Trading Down 10.4%

The business’s fifty day moving average price is $1.65 and its 200 day moving average price is $1.07. The firm has a market capitalization of $7.08 million, a price-to-earnings ratio of -0.44 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.