Check-Cap (NASDAQ:CHEK) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Check-Cap Ltd. (NASDAQ:CHEK) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.99 and traded as high as $1.96. Check-Cap shares last traded at $1.82, with a volume of 202,527 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings restated 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 MarketBeat, the stock currently has a consensus rating of “Sell”.

Check-Cap Price Performance

The business’s 50 day simple moving average is $1.42 and its 200 day simple moving average is $0.99. The company has a market capitalization of $10.65 million, a PE ratio of -0.61 and a beta of 0.50.

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.