Tilray Inc (NASDAQ:TLRY - Get Free Report) shares traded down 3% during mid-day trading on Monday . The stock traded as low as $1.91 and last traded at $1.92. 11,588,904 shares traded hands during trading, a decline of 63% from the average session volume of 31,113,834 shares. The stock had previously closed at $1.98.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the stock. Alliance Global Partners boosted their price target on shares of Tilray from $2.25 to $2.75 and gave the company a "neutral" rating in a report 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 for the company in a report on Wednesday, April 10th. Finally, CIBC reduced their price objective on shares of Tilray from $2.25 to $2.00 and set a "neutral" rating for the company in a report on Wednesday, April 10th.
View Our Latest Stock Report on Tilray
Tilray Stock Down 2.0 %
The firm has a market cap of $1.50 billion, a price-to-earnings ratio of -4.41 and a beta of 2.36. The firm's fifty day moving average is $2.04 and its two-hundred day moving average is $1.96. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.92 and a quick ratio of 1.18.
Institutional Investors Weigh In On Tilray
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Hudson Bay Capital Management LP lifted its holdings in Tilray by 29.4% in the 3rd quarter. Hudson Bay Capital Management LP now owns 16,181,157 shares of the company's stock valued at $38,673,000 after acquiring an additional 3,681,157 shares during the last quarter. Tidal Investments LLC raised its holdings in Tilray by 36,687.0% during the 1st quarter. Tidal Investments LLC now owns 10,677,428 shares of the company's stock worth $26,373,000 after buying an additional 10,648,403 shares during the period. Vanguard Group Inc. raised its holdings in Tilray by 3.5% during the 1st 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 during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Tilray by 8.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,679,532 shares of the company's stock worth $6,699,000 after buying an additional 213,834 shares during the period. Finally, Public Sector Pension Investment Board raised its holdings 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 buying an additional 155,672 shares during the period. 9.35% of the stock is owned by institutional investors and hedge funds.
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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