Borealis Foods (NASDAQ:BRLS) Posts Earnings Results

Borealis Foods (NASDAQ:BRLS) announced its quarterly earnings data on Tuesday. The company reported ($0.20) earnings per share (EPS) for the quarter, Zacks reports.

Borealis Foods Stock Down 3.1%

BRLS stock traded down $0.17 during trading hours on Tuesday, hitting $5.33. The company’s stock had a trading volume of 4,528 shares, compared to its average volume of 27,353. Borealis Foods has a 12 month low of $4.30 and a 12 month high of $10.75. The stock has a 50 day moving average price of $5.92 and a two-hundred day moving average price of $6.04. The company has a quick ratio of 0.15, a current ratio of 0.44 and a debt-to-equity ratio of 4.92. The company has a market capitalization of $113.95 million, a PE ratio of -4.16 and a beta of 0.53.

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.