Tilray Brands, Inc. (NASDAQ:TLRY - Get Free Report)'s share price shot up 14.6% during trading on Tuesday . The company traded as high as $0.79 and last traded at $0.77. 40,032,869 shares traded hands during trading, an increase of 27% from the average session volume of 31,433,303 shares. The stock had previously closed at $0.67.
Analyst Ratings Changes
A number of research firms recently commented on TLRY. Roth Capital reiterated a "neutral" rating on shares of Tilray Brands in a research report on Monday, April 14th. Piper Sandler reduced their price objective on Tilray Brands from $2.00 to $1.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Finally, Wall Street Zen cut 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 issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $1.92.
Get Our Latest Stock Report on Tilray Brands
Tilray Brands Price Performance
The firm has a fifty day simple moving average of $0.49 and a 200 day simple moving average of $0.66. The company has a market capitalization of $692.98 million, a PE ratio of -0.66 and a beta of 1.82. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.61 and a current ratio of 2.62.
Institutional Trading of Tilray Brands
A number of institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in Tilray Brands during the 4th quarter worth about $255,000. Avantax Advisory Services Inc. lifted its position in Tilray Brands by 23.1% during the 4th quarter. Avantax Advisory Services Inc. now owns 121,854 shares of the company's stock worth $162,000 after acquiring an additional 22,838 shares during the period. Swiss National Bank lifted its position in Tilray Brands by 10.2% during the 4th quarter. Swiss National Bank now owns 1,776,638 shares of the company's stock worth $2,363,000 after acquiring an additional 164,600 shares during the period. Teacher Retirement System of Texas acquired a new stake in Tilray Brands during the 4th quarter worth about $211,000. Finally, WINTON GROUP Ltd lifted its position in Tilray Brands by 46.4% during the 4th quarter. WINTON GROUP Ltd now owns 88,401 shares of the company's stock worth $118,000 after acquiring an additional 28,008 shares during the period. Institutional investors and hedge funds own 9.35% of the company's stock.
About Tilray Brands
(
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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