Steakholder Foods Stock to Reverse Split on Monday, July 27th (NASDAQ:STKH)

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) shares are set to reverse split on the morning of Monday, July 27th. The 1-3 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, July 26th.

Steakholder Foods Stock Down 7.5%

STKH stock opened at $0.48 on Friday. Steakholder Foods has a 1 year low of $0.48 and a 1 year high of $11.73. The business’s 50-day moving average is $1.02 and its two-hundred day moving average is $1.52.

Steakholder Foods (NASDAQ:STKH) last announced its quarterly earnings data on Thursday, April 30th. The company reported ($24.20) earnings per share for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Steakholder Foods from a “sell (e)” rating to a “sell (e+)” rating in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Hedge Funds Weigh In On Steakholder Foods

A hedge fund recently bought a new stake in Steakholder Foods stock. Hudson Bay Capital Management LP bought a new stake in Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 14,058 shares of the company’s stock, valued at approximately $66,000. Hudson Bay Capital Management LP owned 1.03% of Steakholder Foods as of its most recent SEC filing. 4.51% of the stock is owned by institutional investors and hedge funds.

Steakholder Foods Company Profile

Steakholder Foods, trading on NASDAQ under the symbol STKH, is a developer of cultivated meat and fat products based on cellular agriculture and 3D bioprinting technologies. The company focuses on producing structured, whole-cut meat and fat components by cultivating animal cells in controlled bioreactors, offering an alternative to conventionally farmed meat with the goal of reducing environmental impact and improving food safety.

Originally founded as MeaTech 3D in Israel, the company rebranded to Steakholder Foods in early 2022 and completed its public listing on NASDAQ through a merger with a special purpose acquisition company.