Borealis Foods (NASDAQ:BRLS) Trading Up 5.8% - Should You Buy?

Borealis Foods Inc. (NASDAQ:BRLS - Get Free Report) was up 5.8% on Tuesday . The stock traded as high as $5.50 and last traded at $5.08. 54,727 shares were traded during mid-day trading, an increase of 232% from the average session volume of 16,484 shares. The stock had previously closed at $4.80.

Borealis Foods Price Performance

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 firm has a market cap of $107.12 million, a price-to-earnings ratio of -5.06 and a beta of 0.29. The company's 50-day moving average price is $5.34 and its 200-day moving average price is $5.82.

Borealis Foods (NASDAQ:BRLS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The company reported ($0.20) earnings per share (EPS) for the quarter. The company had revenue of $6.85 million for the quarter.

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.