Borealis Foods (NASDAQ:BRLS – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported ($0.18) EPS for the quarter, Zacks reports. Borealis Foods had a negative net margin of 68.06% and a negative return on equity of 892.35%.
Borealis Foods Price Performance
Shares of BRLS stock opened at $2.98 on Thursday. The company has a 50-day moving average of $3.17 and a two-hundred day moving average of $3.60. The firm has a market cap of $63.72 million, a PE ratio of -3.27 and a beta of 0.31. Borealis Foods has a 1-year low of $1.81 and a 1-year high of $7.49.
Analyst Ratings Changes
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Borealis Foods in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company 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.
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