Borealis Foods (NASDAQ:BRLS) Announces Earnings Results

Borealis Foods (NASDAQ:BRLS) issued its quarterly earnings results on Tuesday. The company reported ($0.30) earnings per share for the quarter, Zacks reports.

Borealis Foods Stock Up 4.1%

NASDAQ:BRLS opened at $1.53 on Wednesday. Borealis Foods has a twelve month low of $0.60 and a twelve month high of $7.05. The company has a fifty day moving average of $1.34 and a 200-day moving average of $1.56. The firm has a market capitalization of $32.83 million, a P/E ratio of -1.78 and a beta of 0.34.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Borealis Foods in a research report on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

About Borealis Foods

Borealis Foods Inc operates as a food technology company that develops plant-based ready-to-eat meals. The company also developed ambient ready-to-eat high-protein meals for U.S. and global humanitarian food programs. Its products include Chef Woo, a plant based instant ramen meals that provides with 20 grams of plant-based complete protein; and Ramen Express, a vegetarian ramen noodles. The company distributes its products via retail partners across the U.S., Canada, Mexico and Europe and also sells its products online.