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

Steakholder Foods (NASDAQ:STKH) was upgraded by equities researchers at Wall Street Zen to a “sell” rating in a research report issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Steakholder Foods in a report on Friday, August 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Steakholder Foods Stock Performance

Shares of STKH stock opened at $0.65 on Friday. Steakholder Foods has a 1-year low of $0.50 and a 1-year high of $13.60. The stock’s fifty day moving average price is $2.57 and its 200 day moving average price is $3.32.

Steakholder Foods (NASDAQ:STKH) last released its quarterly 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 position in Steakholder Foods stock. SmartHarvest Portfolios LLC bought a new position in Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 53,621 shares of the company’s stock, valued at approximately $78,000. SmartHarvest Portfolios LLC owned about 3.89% of Steakholder Foods at the end of the most recent reporting period. Hedge funds and other institutional investors own 4.51% of the company’s stock.

About Steakholder Foods

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.