Borealis Foods (NASDAQ:BRLS) Releases Quarterly Earnings Results

Borealis Foods (NASDAQ:BRLS) issued its earnings results on Tuesday. The company reported ($0.30) earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $8.94 million for the quarter.

Borealis Foods Stock Up 0.7%

Shares of BRLS stock opened at $1.54 on Thursday. The company’s fifty day simple moving average is $1.34 and its 200-day simple moving average is $1.53. The firm has a market cap of $33.05 million, a PE ratio of -1.73 and a beta of 0.34. Borealis Foods has a 12 month low of $0.60 and a 12 month high of $7.05.

Analysts Set New Price Targets

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