Borealis Foods (NASDAQ:BRLS) Stock Price Up 0.2% – What’s Next?

Borealis Foods Inc. (NASDAQ:BRLSGet Free Report) was up 0.2% during mid-day trading on Wednesday . The stock traded as high as $6.87 and last traded at $6.49. Approximately 2,116 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 32,609 shares. The stock had previously closed at $6.48.

Borealis Foods Price Performance

The company has a quick ratio of 0.26, a current ratio of 0.53 and a debt-to-equity ratio of 2.37. The firm’s 50 day simple moving average is $6.23 and its 200-day simple moving average is $7.12.

Borealis Foods (NASDAQ:BRLSGet Free Report) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.29) earnings per share (EPS) for the quarter. The business had revenue of $5.33 million for the quarter.

About Borealis Foods

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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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