Weiss Ratings Reiterates Sell (E) Rating for Steakholder Foods (NASDAQ:STKH)

Steakholder Foods (NASDAQ:STKH)‘s stock had its “sell (e)” rating reiterated by Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen lowered Steakholder Foods from a “hold” rating to a “sell” rating in a research note on Sunday, September 7th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Steakholder Foods has an average rating of “Sell”.

Steakholder Foods Stock Performance

Shares of NASDAQ STKH opened at $3.86 on Wednesday. The business has a fifty day simple moving average of $5.53 and a 200 day simple moving average of $16.09. Steakholder Foods has a one year low of $3.56 and a one year high of $132.00.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Steakholder Foods stock. Armistice Capital LLC boosted its stake in shares of Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) by 2.3% in the 1st quarter, according to its most recent Form 13F filing 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 as of its most recent SEC filing. Institutional investors 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.