Tilray Inc (NASDAQ:TLRY - Get Free Report)'s share price shot up 3.6% during mid-day trading on Monday . The company traded as high as $2.02 and last traded at $2.00. 5,279,374 shares were traded during mid-day trading, a decline of 83% from the average session volume of 30,401,609 shares. The stock had previously closed at $1.93.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on TLRY shares. Alliance Global Partners lifted their target price on Tilray from $2.25 to $2.75 and gave the company a "neutral" rating in a research note on Friday, April 5th. CIBC reduced their target price on 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 dropped their price target on Tilray from $4.25 to $4.00 and set a "buy" rating on the stock in a research note on Wednesday, April 10th.
View Our Latest Analysis on TLRY
Tilray Trading Up 3.1 %
The company has a 50 day moving average of $2.00 and a 200 day moving average of $1.95. The firm has a market cap of $1.54 billion, a P/E ratio of -4.52 and a beta of 2.36. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.18 and a current ratio of 1.92.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of TLRY. Hudson Bay Capital Management LP boosted its holdings in Tilray by 29.4% during the third quarter. Hudson Bay Capital Management LP now owns 16,181,157 shares of the company's stock valued at $38,673,000 after purchasing an additional 3,681,157 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Tilray by 3.5% during the first quarter. Vanguard Group Inc. now owns 3,525,160 shares of the company's stock worth $8,707,000 after buying an additional 117,891 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Tilray by 8.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,679,532 shares of the company's stock valued at $6,699,000 after acquiring an additional 213,834 shares during the last quarter. Public Sector Pension Investment Board grew 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 worth $3,630,000 after acquiring an additional 155,672 shares during the last quarter. Finally, Swiss National Bank raised its position in Tilray by 3.6% in the 1st quarter. Swiss National Bank now owns 1,490,938 shares of the company's stock valued at $3,683,000 after purchasing an additional 51,700 shares during the last quarter. Institutional investors own 9.35% of the company's stock.
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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