Tilray Inc (NASDAQ:TLRY - Get Free Report) was up 2.1% during trading on Wednesday . The stock traded as high as $0.41 and last traded at $0.41. Approximately 12,415,847 shares were traded during trading, a decline of 57% from the average daily volume of 28,574,656 shares. The stock had previously closed at $0.40.
Analysts Set New Price Targets
Several research firms recently issued reports on TLRY. Roth Capital reiterated a "neutral" rating on shares of Tilray in a research note on Monday, April 14th. Piper Sandler decreased their target price on shares of Tilray from $2.00 to $1.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th.
Check Out Our Latest Analysis on Tilray
Tilray Price Performance
The company has a quick ratio of 1.58, a current ratio of 2.54 and a debt-to-equity ratio of 0.10. The stock's 50-day simple moving average is $0.47 and its two-hundred day simple moving average is $0.85. The company has a market capitalization of $408.23 million, a price-to-earnings ratio of -1.35 and a beta of 1.83.
Tilray (NASDAQ:TLRY - Get Free Report) last issued its earnings results on Tuesday, April 8th. The company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.06). The business had revenue of $185.78 million during the quarter, compared to analyst estimates of $213.38 million. Tilray had a negative net margin of 30.95% and a negative return on equity of 4.40%. Equities research analysts predict that Tilray Inc will post -0.2 earnings per share for the current year.
Institutional Investors Weigh In On Tilray
Hedge funds have recently modified their holdings of the business. Tidal Investments LLC increased its position in Tilray by 9.2% during the fourth quarter. Tidal Investments LLC now owns 10,595,264 shares of the company's stock worth $14,092,000 after purchasing an additional 889,086 shares during the last quarter. Quinn Opportunity Partners LLC boosted its stake in Tilray by 108.0% during the fourth quarter. Quinn Opportunity Partners LLC now owns 1,618,080 shares of the company's stock worth $2,152,000 after buying an additional 840,000 shares during the period. Virtu Financial LLC purchased a new position in Tilray during the fourth quarter worth about $1,029,000. Dimensional Fund Advisors LP boosted its stake in Tilray by 54.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,172,935 shares of the company's stock worth $2,890,000 after buying an additional 769,569 shares during the period. Finally, Millennium Management LLC purchased a new position in Tilray during the fourth quarter worth about $879,000. 9.35% of the stock is currently owned by institutional investors and hedge funds.
About Tilray
(
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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