Tilray Brands, Inc. (NASDAQ:TLRY - Get Free Report) shares were down 3% during trading on Thursday . The company traded as low as $0.71 and last traded at $0.71. Approximately 9,053,770 shares changed hands during trading, a decline of 74% from the average daily volume of 35,496,988 shares. The stock had previously closed at $0.74.
Analyst Ratings Changes
A number of analysts have commented on TLRY shares. Piper Sandler decreased 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 reiterated a "neutral" rating on shares of Tilray Brands in a research report on Monday, April 14th. Finally, Wall Street Zen downgraded Tilray Brands to a "strong sell" rating in a research report on Saturday, July 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $1.92.
Read Our Latest Report on TLRY
Tilray Brands Price Performance
The company has a debt-to-equity ratio of 0.12, a current ratio of 2.62 and a quick ratio of 1.61. The company has a 50-day moving average price of $0.49 and a 200-day moving average price of $0.66. The firm has a market capitalization of $664.29 million, a PE ratio of -0.63 and a beta of 1.82.
Hedge Funds Weigh In On Tilray Brands
Institutional investors have recently added to or reduced their stakes in the business. Lido Advisors LLC acquired a new position in Tilray Brands in the fourth quarter valued at $28,000. Cerity Partners LLC acquired a new position in Tilray Brands in the first quarter valued at $31,000. Capital Management Associates Inc increased its stake in Tilray Brands by 100.0% in the first quarter. Capital Management Associates Inc now owns 50,760 shares of the company's stock valued at $33,000 after purchasing an additional 25,380 shares during the last quarter. Fifth Lane Capital LP increased its stake in Tilray Brands by 400.0% in the first quarter. Fifth Lane Capital LP now owns 50,000 shares of the company's stock valued at $33,000 after purchasing an additional 40,000 shares during the last quarter. Finally, Zuckerman Investment Group LLC acquired a new position in Tilray Brands in the first quarter valued at $33,000. 9.35% of the stock is currently 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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