Borealis Foods (NASDAQ:BRLS) Releases Quarterly Earnings Results

Borealis Foods (NASDAQ:BRLS) released its quarterly earnings data on Tuesday. The company reported ($0.16) EPS for the quarter, FiscalAI reports. The business had revenue of $7.37 million for the quarter.

Borealis Foods Stock Up 5.1%

Shares of NASDAQ:BRLS traded up $0.08 during trading on Tuesday, reaching $1.58. 7,283 shares of the company traded hands, compared to its average volume of 876,128. The company’s 50 day moving average is $1.37 and its two-hundred day moving average is $1.44. The firm has a market capitalization of $33.84 million, a PE ratio of -1.77 and a beta of 0.34. Borealis Foods has a 52 week low of $0.60 and a 52 week high of $5.02.

Wall Street Analyst Weigh In

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 MarketBeat, Borealis Foods currently has an average rating of “Sell”.

Borealis Foods Company Profile

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.