Tilray Brands (NASDAQ:TLRY) Downgraded to Strong Sell Rating by Wall Street Zen

Tilray Brands (NASDAQ:TLRY - Get Free Report) was downgraded by research analysts at Wall Street Zen to a "strong sell" rating in a note issued to investors on Saturday.

A number of other research analysts have also recently issued reports on the stock. Roth Capital reissued a "neutral" rating on shares of Tilray Brands in a research report on Monday, April 14th. Piper Sandler lowered their price target on shares of Tilray Brands from $2.00 to $1.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $1.92.

Tilray Brands Trading Up 9.4%

Shares of TLRY traded up $0.05 during trading hours on Friday, reaching $0.53. 43,044,202 shares of the company traded hands, compared to its average volume of 29,904,634. The company's fifty day moving average price is $0.43 and its two-hundred day moving average price is $0.73. The company has a market capitalization of $534.45 million, a price-to-earnings ratio of -0.51 and a beta of 1.82. The company has a quick ratio of 1.61, a current ratio of 2.62 and a debt-to-equity ratio of 0.12. Tilray Brands has a 12 month low of $0.35 and a 12 month high of $2.15.

Tilray Brands (NASDAQ:TLRY - Get Free Report) last announced 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 company had revenue of $185.78 million for the quarter, compared to the consensus estimate of $213.38 million. Tilray Brands had a negative net margin of 113.85% and a negative return on equity of 7.40%. Equities research analysts predict that Tilray Brands will post -0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of TLRY. Lido Advisors LLC purchased a new position in Tilray Brands during the 4th quarter valued at about $28,000. Dudley Capital Management LLC purchased a new position in Tilray Brands in the fourth quarter worth about $29,000. Verdence Capital Advisors LLC purchased a new position in Tilray Brands in the fourth quarter worth about $29,000. Cerity Partners LLC purchased a new position in Tilray Brands in the first quarter worth about $31,000. Finally, Capital Management Associates Inc raised its holdings in Tilray Brands by 100.0% in the first quarter. Capital Management Associates Inc now owns 50,760 shares of the company's stock worth $33,000 after buying an additional 25,380 shares during the last quarter. 9.35% of the stock is owned by hedge funds and other institutional investors.

About Tilray Brands

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.