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

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) shares are going 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 Trading Down 6.4%

Shares of NASDAQ STKH opened at $0.41 on Friday. Steakholder Foods has a 12-month low of $0.30 and a 12-month high of $12.27. The stock has a fifty day moving average price of $1.55 and a 200 day moving average price of $3.47.

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

Analyst Ratings Changes

STKH has been the subject of a number of analyst reports. Wall Street Zen upgraded Steakholder Foods to a “sell” rating in a report on Saturday, October 3rd. Weiss Ratings downgraded shares of Steakholder Foods from a “sell (e+)” rating to a “sell (e)” rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

About Steakholder Foods

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.