Steakholder Foods (NASDAQ:STKH) Issues Quarterly Earnings Results

Steakholder Foods (NASDAQ:STKHGet Free Report) released its quarterly earnings results on Tuesday. The company reported ($1.00) earnings per share for the quarter, FiscalAI reports.

Steakholder Foods Trading Up 2.8%

Shares of STKH opened at $3.27 on Thursday. Steakholder Foods has a one year low of $1.08 and a one year high of $20.91. The company’s fifty day moving average price is $2.43 and its 200 day moving average price is $3.72.

Institutional Investors Weigh In On Steakholder Foods

An institutional investor recently bought a new stake in Steakholder Foods stock. SmartHarvest Portfolios LLC bought a new stake in shares of Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKHFree Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 53,621 shares of the company’s stock, valued at approximately $78,000. SmartHarvest Portfolios LLC owned 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.

Analyst Upgrades and Downgrades

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

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About Steakholder Foods

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Steakholder Foods, trading on NASDAQ under the symbol STKH, is a developer of cultivated meat and fat products based on cellular agriculture and 3D bioprinting technologies. The company focuses on producing structured, whole-cut meat and fat components by cultivating animal cells in controlled bioreactors, offering an alternative to conventionally farmed meat with the goal of reducing environmental impact and improving food safety.

Originally founded as MeaTech 3D in Israel, the company rebranded to Steakholder Foods in early 2022 and completed its public listing on NASDAQ through a merger with a special purpose acquisition company.

See Also

Earnings History for Steakholder Foods (NASDAQ:STKH)

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