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Tilray Brands (TSE:TLRY) Shares Down 3.4% - Should You Sell?

Tilray Brands logo with Medical background

Tilray Brands, Inc. (TSE:TLRY - Get Free Report) was down 3.4% on Thursday . The company traded as low as C$0.56 and last traded at C$0.56. Approximately 1,058,428 shares were traded during mid-day trading, a decline of 27% from the average daily volume of 1,455,387 shares. The stock had previously closed at C$0.58.

Tilray Brands Price Performance

The firm has a market capitalization of C$360.85 million, a price-to-earnings ratio of -1.35 and a beta of 2.19. The stock has a fifty day moving average of C$0.63 and a two-hundred day moving average of C$1.18. The company has a debt-to-equity ratio of 10.76, a current ratio of 2.54 and a quick ratio of 2.16.

About Tilray Brands

(Get Free Report)

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.

Further Reading

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