HC Wainwright set a $14.00 target price on Check Cap (NASDAQ:CHEK) in a research note issued to investors on Tuesday morning. The brokerage currently has a buy rating on the medical research company’s stock.
Separately, Zacks Investment Research cut Check Cap from a buy rating to a hold rating in a research report on Tuesday, July 24th.
Check Cap stock traded down $0.15 during trading hours on Tuesday, reaching $3.74. 27,718 shares of the company were exchanged. Check Cap has a 12 month low of $3.08 and a 12 month high of $19.78.
A hedge fund recently bought a new stake in Check Cap stock. Fosun International Ltd acquired a new stake in Check Cap Ltd (NASDAQ:CHEK) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 127,558 shares of the medical research company’s stock, valued at approximately $517,000. Fosun International Ltd owned 7.97% of Check Cap at the end of the most recent quarter. 17.41% of the stock is currently owned by institutional investors.
About Check Cap
Check-Cap Ltd., a clinical stage medical diagnostics company, engages in the development of a capsule-based system that utilizes low-dose X-rays for screening of the colon to detect polyps, masses, and colorectal cancers in Israel. Its C-Scan system consists of C-Scan Cap, an X-ray scanning capsule, which is designed to measure, collect, and transmit structural information; C-Scan Track, a biocompatible unit worn on the patient's back for capsule control, tracking, and data recording; and C-Scan View, a personal computer-based software package, which is designed to retrieve and process clinical data from the C-Scan Track, and to reconstruct and produce 3D visualization of the colon's inner surface.
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