Borealis Foods' (BRLS) "Sell (E+)" Rating Reaffirmed at Weiss Ratings

Key Points

• Borealis Foods' stock has been reaffirmed with a "sell (E+)" rating by Weiss Ratings, indicating ongoing concerns about the company's performance.
• The stock dropped 8.3% to $3.65, with a market capitalization of approximately $78.04 million, following disappointing quarterly earnings that showed a loss of $0.21 per share.
• Borealis Foods specializes in plant-based ready-to-eat meals, but its financial metrics reveal significant challenges, including a negative return on equity of 892.35% and a net margin of -68.06%.

Borealis Foods (NASDAQ:BRLS - Get Free Report)'s stock had its "sell (e+)" rating reissued by research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Borealis Foods Stock Down 8.3%

BRLS traded down $0.33 during trading on Wednesday, reaching $3.65. The company's stock had a trading volume of 61,444 shares, compared to its average volume of 54,209. The firm has a fifty day simple moving average of $2.88 and a two-hundred day simple moving average of $4.16. Borealis Foods has a 1 year low of $1.81 and a 1 year high of $7.50. The company has a market cap of $78.04 million, a price-to-earnings ratio of -4.01 and a beta of 0.26.

Borealis Foods (NASDAQ:BRLS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 19th. The company reported ($0.21) earnings per share (EPS) for the quarter. Borealis Foods had a negative return on equity of 892.35% and a negative net margin of 68.06%.The firm had revenue of $7.19 million for the quarter.

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.

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