Steakholder Foods (NASDAQ:STKH) Stock Rating Upgraded by Wall Street Zen

Steakholder Foods (NASDAQ:STKH) was upgraded by stock analysts at Wall Street Zen to a “sell” rating in a report released on Saturday.

Steakholder Foods Stock Down 32.3%

Shares of Steakholder Foods stock opened at $2.03 on Friday. Steakholder Foods has a 1 year low of $1.33 and a 1 year high of $17.85. The business has a 50-day moving average of $2.25 and a two-hundred day moving average of $4.94. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.06 and a current ratio of 1.06.

Institutional Investors Weigh In On Steakholder Foods

An institutional investor recently raised its position in Steakholder Foods stock. Armistice Capital LLC grew its holdings in Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) by 2.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 158,941 shares of the company’s stock after acquiring an additional 3,591 shares during the quarter. Armistice Capital LLC owned 14.18% of Steakholder Foods worth $164,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 4.51% of the company’s stock.

Steakholder Foods Company Profile

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