Tilray (NASDAQ:TLRY) Trading Up 0.5%

Tilray Inc (NASDAQ:TLRY - Get Free Report)'s share price traded up 0.5% during trading on Tuesday . The stock traded as high as $2.08 and last traded at $2.06. 10,589,258 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 30,968,912 shares. The stock had previously closed at $2.05.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on TLRY shares. Alliance Global Partners upped their price objective on Tilray from $2.25 to $2.75 and gave the stock a "neutral" rating in a research note on Friday, April 5th. Canaccord Genuity Group reduced their price objective on shares of Tilray from $4.25 to $4.00 and set a "buy" rating on the stock in a research report on Wednesday, April 10th. Finally, CIBC dropped their target price on shares of 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 3.4 %

The business's 50 day simple moving average is $1.99 and its 200 day simple moving average is $1.94. 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 firm has a market capitalization of $1.53 billion, a PE ratio of -4.50 and a beta of 2.36.

Institutional Investors Weigh In On Tilray

Institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC boosted its position in Tilray by 56.7% in the 4th quarter. SG Americas Securities LLC now owns 415,413 shares of the company's stock valued at $955,000 after buying an additional 150,247 shares during the period. Gotham Asset Management LLC grew its stake in Tilray by 1,038.7% in 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Tilray during the 3rd quarter worth $2,023,000. Public Sector Pension Investment Board raised its position in Tilray by 11.4% during 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 purchasing an additional 155,672 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. purchased a new stake in shares of Tilray in the 4th quarter worth $38,000. 9.35% of the stock is owned by institutional investors.

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.