Tilray (NASDAQ:TLRY) Trading Up 2.3%

Tilray Inc (NASDAQ:TLRY - Get Free Report)'s stock price shot up 2.3% during mid-day trading on Monday . The company traded as high as $1.85 and last traded at $1.82. 6,965,042 shares traded hands during trading, a decline of 76% from the average session volume of 28,714,404 shares. The stock had previously closed at $1.78.

Analyst Ratings Changes

A number of research firms recently issued reports on TLRY. Canaccord Genuity Group reduced their price objective on Tilray from $4.25 to $4.00 and set a "buy" rating for the company in a research report on Wednesday, April 10th. Alliance Global Partners boosted their price objective on Tilray from $2.25 to $2.75 and gave the company a "neutral" rating in a research report on Friday, April 5th. Finally, CIBC reduced their price objective on Tilray from $2.25 to $2.00 and set a "neutral" rating for the company in a research report on Wednesday, April 10th.

Tilray Stock Down 0.6 %

The company has a current ratio of 1.92, a quick ratio of 1.18 and a debt-to-equity ratio of 0.11. The stock has a 50-day simple moving average of $1.95 and a 200-day simple moving average of $1.94. The company has a market cap of $1.37 billion, a price-to-earnings ratio of -4.05 and a beta of 2.36.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Hudson Bay Capital Management LP boosted its position in Tilray by 29.4% during the 3rd quarter. Hudson Bay Capital Management LP now owns 16,181,157 shares of the company's stock worth $38,673,000 after acquiring an additional 3,681,157 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Tilray by 2.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,465,698 shares of the company's stock worth $5,671,000 after buying an additional 70,482 shares in the last quarter. Public Sector Pension Investment Board raised its stake in shares of Tilray by 11.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 1,519,415 shares of the company's stock worth $3,630,000 after buying an additional 155,672 shares in the last quarter. Swiss National Bank raised its stake in shares of Tilray by 1.7% in the 3rd quarter. Swiss National Bank now owns 1,456,738 shares of the company's stock worth $3,482,000 after buying an additional 24,800 shares in the last quarter. Finally, TD Asset Management Inc raised its stake in shares of Tilray by 3.2% in the 4th quarter. TD Asset Management Inc now owns 1,242,538 shares of the company's stock worth $2,883,000 after buying an additional 38,104 shares in the last quarter. Institutional investors and hedge funds own 9.35% of the company's stock.

Tilray Company Profile

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.