Check-Cap (NASDAQ:CHEK) Stock Crosses Below 200-Day Moving Average – Here’s Why

Check-Cap Ltd. (NASDAQ:CHEK)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.59 and traded as low as $0.60. Check-Cap shares last traded at $0.60, with a volume of 16,599 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of Check-Cap in a report on Thursday. They set a “sell” rating on the stock.

Check-Cap Stock Down 1.8 %

The stock has a 50 day simple moving average of $0.99 and a 200 day simple moving average of $1.58. The company has a market cap of $3.51 million, a price-to-earnings ratio of -0.20 and a beta of 0.25.

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.