Borealis Foods (NASDAQ:BRLS – Get Free Report) posted its quarterly earnings results on Tuesday. The company reported ($0.16) EPS for the quarter, FiscalAI reports. The firm had revenue of $7.37 million during the quarter.
Borealis Foods Trading Up 5.1%
NASDAQ BRLS opened at $1.58 on Wednesday. Borealis Foods has a 12 month low of $0.60 and a 12 month high of $5.02. The firm has a market capitalization of $33.84 million, a PE ratio of -1.77 and a beta of 0.34. The business’s 50-day moving average price is $1.38 and its two-hundred day moving average price is $1.44.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Borealis Foods in a research note on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus 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.
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