Steakholder Foods (NASDAQ:STKH) Upgraded to Sell at Wall Street Zen

Wall Street Zen upgraded shares of Steakholder Foods (NASDAQ:STKH) to a sell rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

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

Steakholder Foods Stock Performance

Shares of NASDAQ:STKH opened at $0.65 on Friday. The firm has a fifty day moving average price of $2.57 and a 200 day moving average price of $3.33. Steakholder Foods has a fifty-two week low of $0.50 and a fifty-two week high of $13.60.

Steakholder Foods (NASDAQ:STKH) last announced its quarterly earnings results on Tuesday, August 25th. The company reported ($1.00) earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Steakholder Foods

A hedge fund recently bought a new position in Steakholder Foods stock. SmartHarvest Portfolios LLC purchased a new stake in shares of Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 53,621 shares of the company’s stock, valued at approximately $78,000. SmartHarvest Portfolios LLC owned approximately 3.89% of Steakholder Foods as of its most recent SEC filing. Hedge funds and other institutional investors own 4.51% of the company’s stock.

Steakholder Foods Company Profile

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.