Check-Cap (NASDAQ:CHEK) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Check-Cap Ltd. (NASDAQ:CHEK) shares passed 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.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Check-Cap in a report on Friday. They set a “sell” rating for the company.

Check-Cap Stock Down 23.2 %

The company has a market cap of $6.96 million, a P/E ratio of -0.40 and a beta of 0.25. The business has a fifty day moving average price of $0.97 and a 200-day moving average price of $1.55.

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.