Steakholder Foods Shares Set to Reverse Split on Monday, November 9th (NASDAQ:STKH)

Shares of Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) are scheduled to reverse split on Monday, November 9th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, November 8th.

Steakholder Foods Price Performance

Shares of STKH stock opened at $0.42 on Thursday. The company’s fifty day simple moving average is $1.37 and its 200-day simple moving average is $3.36. Steakholder Foods has a 52 week low of $0.30 and a 52 week high of $12.27.

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

Analyst Ratings Changes

Several analysts recently issued reports on STKH shares. Weiss Ratings cut shares of Steakholder Foods from a “sell (e+)” rating to a “sell (e)” rating in a report on Thursday, October 8th. Wall Street Zen upgraded shares of Steakholder Foods to a “sell” rating in a research note on Saturday, October 3rd. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Steakholder Foods currently has an average rating of “Sell”.

Steakholder Foods Company Profile

Steakholder Foods Ltd. is an Israel-based food-technology company developing technologies for the cultivated meat and seafood industry. The company focuses on producing structured, cell-based foods by combining cell cultivation, bio-ink formulation and three-dimensional bioprinting.

Its technology is designed to replicate the texture and appearance of conventional meat and seafood, with research and development efforts spanning cultivated beef, chicken, pork and fish products. Steakholder Foods also develops specialized 3D printers and related production systems intended to deposit different cell-based and plant-based ingredients in precise structures.

The company was formerly known as MeaTech 3D Ltd.