Steakholder Foods (NASDAQ:STKH) Director Yaron Kaiser Buys 26,141 Shares of Stock

Steakholder Foods Ltd. Sponsored ADR (NASDAQ:STKH) Director Yaron Kaiser acquired 26,141 shares of the stock in a transaction that occurred on Friday, October 30th. The shares were acquired at an average cost of $0.42 per share, with a total value of $10,979.22. Following the transaction, the director owned 67,604 shares in the company, valued at approximately $28,393.68. The trade was a 63.05% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

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

Steakholder Foods Stock Up 2.2%

Shares of Steakholder Foods stock opened at $0.42 on Tuesday. Steakholder Foods Ltd. Sponsored ADR has a 1-year low of $0.30 and a 1-year high of $12.27. The business’s fifty day moving average price is $1.49 and its two-hundred day moving average price is $3.43.

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

Analyst Upgrades and Downgrades

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