Tilray Brands (NASDAQ:TLRY) Stock Price Up 3.9% - Time to Buy?

Tilray Brands, Inc. (NASDAQ:TLRY - Get Free Report) traded up 3.9% during mid-day trading on Thursday . The company traded as high as $0.41 and last traded at $0.41. 7,924,394 shares traded hands during trading, a decline of 73% from the average session volume of 29,542,599 shares. The stock had previously closed at $0.39.

Analyst Upgrades and Downgrades

TLRY has been the topic of a number of research reports. Piper Sandler dropped their price objective on shares of Tilray Brands from $2.00 to $1.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Roth Capital reissued a "neutral" rating on shares of Tilray Brands in a report on Monday, April 14th.

Tilray Brands Trading Down 2.8%

The company has a quick ratio of 1.61, a current ratio of 2.62 and a debt-to-equity ratio of 0.12. The business's fifty day moving average is $0.43 and its 200-day moving average is $0.75.

Tilray Brands (NASDAQ:TLRY - Get Free Report) last released its earnings results on Tuesday, April 8th. The company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.06). Tilray Brands had a negative return on equity of 7.40% and a negative net margin of 113.85%. The firm had revenue of $185.78 million for the quarter, compared to the consensus estimate of $213.38 million. On average, equities research analysts predict that Tilray Brands, Inc. will post -0.2 earnings per share for the current year.

Institutional Investors Weigh In On Tilray Brands

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its stake in Tilray Brands by 1,839.7% during the 1st quarter. AQR Capital Management LLC now owns 607,054 shares of the company's stock worth $399,000 after acquiring an additional 575,757 shares during the period. State of Wyoming raised its stake in Tilray Brands by 133.0% during the 1st quarter. State of Wyoming now owns 241,165 shares of the company's stock worth $159,000 after acquiring an additional 137,676 shares during the period. Zuckerman Investment Group LLC bought a new stake in Tilray Brands during the 1st quarter worth approximately $33,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Tilray Brands by 30.4% during the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 527,995 shares of the company's stock valued at $345,000 after buying an additional 122,969 shares during the last quarter. Finally, Fifth Lane Capital LP lifted its holdings in shares of Tilray Brands by 400.0% in the first quarter. Fifth Lane Capital LP now owns 50,000 shares of the company's stock worth $33,000 after buying an additional 40,000 shares in the last quarter. Institutional investors own 9.35% of the company's stock.

Tilray Brands 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 Canada.