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

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) shares are going to reverse split on the morning of 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 Trading Up 3.0%

Shares of NASDAQ STKH opened at $0.41 on Wednesday. Steakholder Foods has a 12-month low of $0.30 and a 12-month high of $12.27. The firm’s 50-day simple moving average is $1.75 and its 200 day simple moving average is $3.57.

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on STKH shares. Weiss Ratings cut Steakholder Foods from a “sell (e+)” rating to a “sell (e)” rating in a research note on Thursday, October 8th. Wall Street Zen raised Steakholder Foods to a “sell” rating in a research report on Saturday, October 3rd. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company 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 production of cultivated meat and seafood. The company focuses on combining cellular biology with advanced three-dimensional bioprinting to create structured food products designed to resemble conventional meat and fish.

Its technology platform includes 3D printers, bio-inks and related production systems intended to deposit cultivated animal cells and other ingredients in precise configurations.