Tilray Brands, Inc. (NASDAQ:TLRY - Get Free Report)'s stock price dropped 3.2% during trading on Friday . The company traded as low as $0.37 and last traded at $0.37. Approximately 13,892,076 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 34,303,688 shares. The stock had previously closed at $0.38.
Analyst Ratings Changes
Several equities analysts recently weighed in on the company. Piper Sandler reduced their target price on Tilray Brands from $2.00 to $1.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Roth Capital reaffirmed a "neutral" rating on shares of Tilray Brands in a research note on Monday, April 14th.
Read Our Latest Stock Report on TLRY
Tilray Brands Price Performance
The company's 50 day moving average price is $0.44 and its 200-day moving average price is $0.78. The company has a market capitalization of $362.84 million, a PE ratio of -0.34 and a beta of 1.83. The company has a current ratio of 2.62, a quick ratio of 1.61 and a debt-to-equity ratio of 0.12.
Tilray Brands (NASDAQ:TLRY - Get Free Report) last issued its earnings results on Tuesday, April 8th. The company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.06). The firm had revenue of $185.78 million during the quarter, compared to analyst estimates of $213.38 million. Tilray Brands had a negative net margin of 113.85% and a negative return on equity of 7.40%. On average, sell-side analysts forecast that Tilray Brands, Inc. will post -0.2 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of TLRY. Lido Advisors LLC acquired a new stake in shares of Tilray Brands in the fourth quarter worth $28,000. Dudley Capital Management LLC acquired a new stake in Tilray Brands in the 4th quarter valued at $29,000. Verdence Capital Advisors LLC purchased a new position in Tilray Brands in the fourth quarter valued at about $29,000. Cerity Partners LLC acquired a new position in shares of Tilray Brands during the first quarter worth about $31,000. Finally, Capital Management Associates Inc lifted its stake in shares of Tilray Brands by 100.0% during the first quarter. Capital Management Associates Inc now owns 50,760 shares of the company's stock worth $33,000 after purchasing an additional 25,380 shares in the last quarter. 9.35% of the stock is owned by institutional investors and hedge funds.
Tilray Brands Company Profile
(
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 Canada.
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