Tilray Brands (TSE:TLRY) Trading 3.8% Higher - Still a Buy?

Tilray Brands, Inc. (TSE:TLRY - Get Free Report) traded up 3.8% on Monday . The company traded as high as C$1.63 and last traded at C$1.62. 2,624,444 shares were traded during mid-day trading, an increase of 17% from the average session volume of 2,250,909 shares. The stock had previously closed at C$1.56.

Tilray Brands Stock Up 3.8%

The firm has a market capitalization of C$1.81 billion, a price-to-earnings ratio of -0.66 and a beta of 3.71. The stock has a fifty day moving average of C$1.27 and a two-hundred day moving average of C$0.90. The company has a debt-to-equity ratio of 10.76, a current ratio of 2.54 and a quick ratio of 2.16.

Tilray Brands Company Profile

Tilray is a Canadian producer that cultivates and sells medical and recreational cannabis. In 2021, legacy Aphria acquired legacy Tilray in a reverse merger and renamed itself Tilray. The bulk of its sales are in Canada and in the international medical cannabis export market. U.S. exposure consists of CBD products through Manitoba Harvest and beer through SweetWater.

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