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

by · The Cerbat Gem

Wall Street Zen upgraded shares of Steakholder Foods (NASDAQ:STKH – Free Report) from a sell rating to a hold rating in a report published on Saturday morning.

Steakholder Foods Price Performance

Shares of NASDAQ STKH opened at $0.77 on Friday. The company has a quick ratio of 1.06, a current ratio of 2.42 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average is $1.20 and its two-hundred day moving average is $3.10. Steakholder Foods has a 12 month low of $0.48 and a 12 month high of $17.10.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Steakholder Foods stock. Armistice Capital LLC lifted its position in shares of Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH – Free Report) by 2.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 158,941 shares of the company’s stock after purchasing an additional 3,591 shares during the quarter. Armistice Capital LLC owned approximately 14.18% of Steakholder Foods worth $164,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 4.51% of the company’s stock.

Steakholder Foods Company Profile

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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.

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