Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH – Get Free Report) dropped 1.6% during trading on Tuesday. The company traded as low as $1.84 and last traded at $1.90. Approximately 43,093 shares were traded during mid-day trading, a decline of 74% from the average session volume of 167,482 shares. The stock had previously closed at $1.93.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Steakholder Foods in a research note on Friday, August 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.
Check Out Our Latest Research Report on Steakholder Foods
Steakholder Foods Price Performance
Steakholder Foods (NASDAQ:STKH – Get Free Report) last released its earnings results on Tuesday, August 25th. The company reported ($1.00) EPS for the quarter.
Hedge Funds Weigh In On Steakholder Foods
An institutional investor recently bought a new stake in Steakholder Foods stock. SmartHarvest Portfolios LLC purchased a new stake in Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 53,621 shares of the company’s stock, valued at approximately $78,000. SmartHarvest Portfolios LLC owned 3.89% of Steakholder Foods at the end of the most recent reporting period. 4.51% of the stock is currently owned by institutional investors.
Steakholder Foods Company Profile
Steakholder Foods Ltd. is an Israel-based food technology company focused on developing cultivated meat and seafood using three-dimensional bioprinting and related food-production technologies. The company’s platform is designed to arrange cultured animal cells and other ingredients into structured products intended to replicate the texture and appearance of conventional meat and fish.
The company develops specialized bioprinters, bioinks and digital manufacturing processes for producing cultivated food products.
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