Borealis Foods (NASDAQ:BRLS – Get Free Report) announced its quarterly earnings data on Tuesday. The company reported ($0.30) earnings per share (EPS) for the quarter, Zacks reports.
Borealis Foods Stock Performance
Shares of Borealis Foods stock opened at $1.60 on Tuesday. The firm has a market cap of $34.34 million, a P/E ratio of -1.86 and a beta of 0.34. The firm’s 50-day simple moving average is $1.34 and its 200-day simple moving average is $1.56. Borealis Foods has a twelve month low of $0.60 and a twelve month high of $7.05.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Borealis Foods in a report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus 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.
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