Steakholder Foods (NASDAQ:STKH) Director Buys $10,979.22 in Stock

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) Director Yaron Kaiser bought 26,141 shares of the firm’s stock in a transaction dated Friday, October 30th. The shares were acquired at an average price of $0.42 per share, with a total value of $10,979.22. Following the purchase, the director directly owned 67,604 shares of the company’s stock, valued at approximately $28,393.68. This trade represents a 63.05% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Yaron Kaiser also recently made the following trade(s):

• On Thursday, October 29th, Yaron Kaiser acquired 30,291 shares of Steakholder Foods stock. The stock was purchased at an average cost of $0.41 per share, for a total transaction of $12,419.31.

Steakholder Foods Price Performance

Shares of STKH stock opened at $0.42 on Thursday. Steakholder Foods Ltd. Sponsored ADR has a 12-month low of $0.30 and a 12-month high of $12.27. The stock has a 50 day simple moving average of $1.37 and a 200-day simple moving average of $3.36.

Steakholder Foods shares are set to reverse split before the market opens 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 (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 equities analysts have weighed in on the company. Wall Street Zen raised Steakholder Foods to a “sell” rating in a research report on Saturday, October 3rd. Weiss Ratings cut Steakholder Foods from a “sell (e+)” rating to a “sell (e)” rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently 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.