MeaTech 3D (NASDAQ:MITC) Trading Up 2.9%

MeaTech 3D Ltd. (NASDAQ:MITC)’s share price was up 2.9% on Monday . The company traded as high as $1.07 and last traded at $1.06. Approximately 122,348 shares were traded during trading, an increase of 246% from the average daily volume of 35,325 shares. The stock had previously closed at $1.03.

MeaTech 3D Stock Performance

The stock’s 50-day moving average is $1.07 and its two-hundred day moving average is $0.87. The company has a current ratio of 4.38, a quick ratio of 4.38 and a debt-to-equity ratio of 0.11.

Institutional Inflows and Outflows

An institutional investor recently raised its position in MeaTech 3D stock. Penserra Capital Management LLC grew its holdings in MeaTech 3D Ltd. (NASDAQ:MITC) by 100.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,030 shares of the company’s stock after acquiring an additional 4,518 shares during the period. Penserra Capital Management LLC owned 0.07% of MeaTech 3D worth $45,000 as of its most recent SEC filing. 1.74% of the stock is owned by hedge funds and other institutional investors.

MeaTech 3D Company Profile

MeaTech 3D Ltd., a deep-tech food company, engages in the development of cultivated meat technologies to manufacture cultivated meat without animal slaughter. The company develops a three-dimensional bioprinter to deposit layers of differentiated stem cells, scaffolding, and cell nutrients in a three-dimensional form of structured cultured meat.