Check Cap (NASDAQ:CHEK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Monday.
According to Zacks, “Check Cap Ltd. is a medical diagnostics company. The company is engaged in the development of an ingestible imaging capsule for the screening of colorectal cancer. Check Cap Ltd. is based in Mount Carmel, Israel. “
Separately, HC Wainwright decreased their price objective on shares of Check Cap from $7.00 to $5.50 and set a “buy” rating for the company in a research report on Tuesday, November 28th.
A number of large investors have recently bought and sold shares of CHEK. Anson Funds Management LP purchased a new position in Check Cap in the 4th quarter valued at about $289,000. Knott David M boosted its position in Check Cap by 1.9% in the 1st quarter. Knott David M now owns 162,871 shares of the medical research company’s stock valued at $349,000 after buying an additional 3,000 shares during the last quarter. Armistice Capital LLC purchased a new position in Check Cap in the 4th quarter valued at about $651,000. Sabby Management LLC boosted its position in Check Cap by 467.9% in the 2nd quarter. Sabby Management LLC now owns 1,418,893 shares of the medical research company’s stock valued at $2,724,000 after buying an additional 1,169,061 shares during the last quarter. Finally, Fosun International Ltd boosted its position in Check Cap by 129.6% in the 4th quarter. Fosun International Ltd now owns 1,530,699 shares of the medical research company’s stock valued at $2,893,000 after buying an additional 864,032 shares during the last quarter. 22.18% of the stock is owned by institutional investors.
About Check Cap
Check-Cap Ltd. (Check-Cap) is a clinical-stage medical diagnostics company. The Company is engaged in the development of an ingestible imaging capsule that utilizes low-dose X-rays for the detection and imaging of colonic polyps and colorectal cancers, or CRC. The Company’s system consists of main components, such as ingestible scanning capsule; Capsule Positioning System (CPS), a recorder worn on the patient’s back, and a personal computer (PC)-based work station for data reconstruction and image processing.
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