Shares of Tilray Inc (NASDAQ:TLRY - Get Free Report) were up 0.8% during trading on Tuesday . The company traded as high as $1.82 and last traded at $1.79. Approximately 5,507,383 shares changed hands during trading, a decline of 81% from the average daily volume of 28,564,502 shares. The stock had previously closed at $1.77.
Analysts Set New Price Targets
TLRY has been the topic of several research analyst reports. Canaccord Genuity Group lowered their price objective on Tilray from $4.25 to $4.00 and set a "buy" rating on the stock in a report on Wednesday, April 10th. Alliance Global Partners lifted their price target on Tilray from $2.25 to $2.75 and gave the stock a "neutral" rating in a research note 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 note on Wednesday, April 10th.
Get Our Latest Report on TLRY
Tilray Trading Up 39.5 %
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 company has a fifty day moving average price of $1.96 and a two-hundred day moving average price of $1.94. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of -5.61 and a beta of 2.36.
Hedge Funds Weigh In On Tilray
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TLRY. SG Americas Securities LLC increased its stake in shares of Tilray by 56.7% in the 4th quarter. SG Americas Securities LLC now owns 415,413 shares of the company's stock worth $955,000 after acquiring an additional 150,247 shares during the last quarter. Gotham Asset Management LLC raised its stake in Tilray by 1,038.7% during the third quarter. Gotham Asset Management LLC now owns 1,168,774 shares of the company's stock worth $2,793,000 after purchasing an additional 1,066,137 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Tilray in the 3rd quarter valued at about $2,023,000. Public Sector Pension Investment Board grew 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 valued at $3,630,000 after buying an additional 155,672 shares during the period. Finally, Redhawk Wealth Advisors Inc. acquired a new stake in shares of Tilray during the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 9.35% of the company's stock.
About Tilray
(
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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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