MeaTech 3D Ltd. (NASDAQ:MITC – Get Free Report)’s stock price traded down 3.4% during trading on Friday . The company traded as low as $1.10 and last traded at $1.12. 139,021 shares changed hands during trading, an increase of 294% from the average session volume of 35,325 shares. The stock had previously closed at $1.16.
The company has a current ratio of 4.38, a quick ratio of 4.38 and a debt-to-equity ratio of 0.11. The stock has a fifty day simple moving average of $1.01 and a 200 day simple moving average of $0.86.
Institutional Investors Weigh In On MeaTech 3D
An institutional investor recently raised its position in MeaTech 3D stock. Penserra Capital Management LLC lifted its position in MeaTech 3D Ltd. (NASDAQ:MITC – Free Report) by 100.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,030 shares of the company’s stock after purchasing an additional 4,518 shares during the quarter. Penserra Capital Management LLC owned about 0.07% of MeaTech 3D worth $45,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 1.74% of the company’s stock.
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