Tilray Inc (NASDAQ:TLRY - Get Free Report) saw unusually large options trading activity on Tuesday. Investors bought 210,378 call options on the stock. This represents an increase of 266% compared to the average daily volume of 57,539 call options.
Tilray Stock Up 39.5 %
TLRY stock traded up $0.70 during trading hours on Tuesday, hitting $2.47. The company's stock had a trading volume of 152,982,456 shares, compared to its average volume of 30,340,303. The company has a quick ratio of 1.18, a current ratio of 1.92 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $1.91 billion, a PE ratio of -4.80 and a beta of 2.36. Tilray has a 12 month low of $1.50 and a 12 month high of $3.40. The stock has a 50 day moving average price of $1.95 and a two-hundred day moving average price of $1.94.
Analyst Ratings Changes
TLRY has been the subject of several research reports. Alliance Global Partners raised their price target on shares of Tilray from $2.25 to $2.75 and gave the stock a "neutral" rating in a report on Friday, April 5th. CIBC decreased their price target on shares of Tilray from $2.25 to $2.00 and set a "neutral" rating for the company in a report on Wednesday, April 10th. Finally, Canaccord Genuity Group decreased their target price on shares of Tilray from $4.25 to $4.00 and set a "buy" rating for the company in a research report on Wednesday, April 10th.
Read Our Latest Analysis on Tilray
Institutional Trading of Tilray
Several large investors have recently added to or reduced their stakes in TLRY. Marathon Trading Investment Management LLC lifted its stake in shares of Tilray by 24.7% in the third quarter. Marathon Trading Investment Management LLC now owns 29,302 shares of the company's stock worth $70,000 after buying an additional 5,802 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Tilray by 3.3% in the third quarter. Signaturefd LLC now owns 202,408 shares of the company's stock worth $484,000 after buying an additional 6,452 shares during the last quarter. Vontobel Holding Ltd. lifted its stake in shares of Tilray by 2.7% in the fourth quarter. Vontobel Holding Ltd. now owns 278,199 shares of the company's stock worth $640,000 after buying an additional 7,362 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Tilray by 179.0% in the fourth quarter. International Assets Investment Management LLC now owns 14,734 shares of the company's stock worth $34,000 after buying an additional 9,453 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Tilray by 14.7% in the third quarter. Victory Capital Management Inc. now owns 76,506 shares of the company's stock worth $183,000 after buying an additional 9,790 shares during the last quarter. 9.35% of the stock is owned by institutional investors.
About Tilray
(
Get Free Report)
Tilray, Inc engages in the research, cultivation, processing, and distribution of medical cannabis. The company offers its products in Argentina, Australia, Canada, Chile, Croatia, Cyprus, the Czech Republic, Germany, New Zealand, and South Africa. Tilray, Inc is headquartered in Nanaimo, Canada.
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