Check-Cap (NASDAQ:CHEK) Shares Pass Above 50 Day Moving Average – Time to Sell?

Check-Cap Ltd. (NASDAQ:CHEK) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $0.97 and traded as high as $1.79. Check-Cap shares last traded at $1.19, with a volume of 1,220,987 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Check-Cap in a research report on Friday. They issued a “sell” rating on the stock.

Check-Cap Trading Down 7.6 %

The business’s 50-day simple moving average is $0.96 and its 200-day simple moving average is $1.54. The company has a market cap of $6.44 million, a PE ratio of -0.37 and a beta of 0.25.

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.