Tilray (NASDAQ:TLRY) Trading Down 0.4%

Shares of Tilray Inc (NASDAQ:TLRY - Get Free Report) dropped 0.4% on Friday . The stock traded as low as $1.97 and last traded at $1.97. Approximately 5,198,166 shares changed hands during trading, a decline of 83% from the average daily volume of 30,574,391 shares. The stock had previously closed at $1.98.

Wall Street Analyst Weigh In

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

Tilray Trading Down 2.5 %

The stock has a market capitalization of $1.49 billion, a PE ratio of -4.48 and a beta of 2.36. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.92 and a quick ratio of 1.18. The company's 50 day moving average price is $2.00 and its two-hundred day moving average price is $1.94.

Institutional Investors Weigh In On Tilray

Hedge funds and other institutional investors have recently made changes to their positions in the stock. 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.

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.

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