Fosun International Ltd held its position in Check-Cap Ltd. (NASDAQ:CHEK) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,530,699 shares of the medical research company’s stock at the end of the 2nd quarter. Check-Cap makes up about 0.4% of Fosun International Ltd’s portfolio, making the stock its 26th largest position. Fosun International Ltd owned 9.79% of Check-Cap worth $2,954,000 as of its most recent filing with the Securities & Exchange Commission.
Separately, Knott David M grew its holdings 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. 19.29% of the stock is owned by institutional investors.
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A number of analysts have issued reports on CHEK shares. Zacks Investment Research lowered Check-Cap from a “buy” rating to a “hold” rating in a report on Friday, June 16th. ValuEngine lowered Check-Cap from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. HC Wainwright set a $6.00 target price on Check-Cap and gave the company a “buy” rating in a report on Friday, August 11th. Finally, Maxim Group reaffirmed a “buy” rating on shares of Check-Cap in a report on Tuesday, May 30th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Check-Cap currently has a consensus rating of “Hold” and a consensus price target of $5.00.
Shares of Check-Cap Ltd. (NASDAQ:CHEK) traded down 3.28% during mid-day trading on Friday, hitting $1.77. The stock had a trading volume of 4,767 shares. Check-Cap Ltd. has a 52 week low of $1.70 and a 52 week high of $2.95. The stock has a 50 day moving average of $1.78 and a 200-day moving average of $1.95. The stock’s market capitalization is $30.05 million.
Check-Cap (NASDAQ:CHEK) last announced its earnings results on Thursday, August 10th. The medical research company reported ($0.17) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.01). On average, equities research analysts predict that Check-Cap Ltd. will post ($0.63) earnings per share for the current year.
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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