Tilray Inc (NASDAQ:TLRY - Get Free Report) rose 5.3% during trading on Wednesday . The company traded as high as $0.46 and last traded at $0.44. Approximately 18,823,849 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 34,630,891 shares. The stock had previously closed at $0.42.
Wall Street Analyst Weigh In
TLRY has been the topic of a number of recent research reports. Piper Sandler lowered their target price on Tilray from $2.00 to $1.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Roth Capital reiterated a "neutral" rating on shares of Tilray in a research note on Monday, April 14th.
Read Our Latest Stock Analysis on Tilray
Tilray Stock Performance
The firm has a 50 day moving average of $0.45 and a two-hundred day moving average of $0.82. The stock has a market cap of $406.62 million, a P/E ratio of -1.35 and a beta of 1.83. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.58 and a current ratio of 2.54.
Tilray (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 the consensus estimate of ($0.04) by ($0.06). Tilray had a negative net margin of 30.95% and a negative return on equity of 4.40%. The business had revenue of $185.78 million for the quarter, compared to the consensus estimate of $213.38 million. On average, research analysts predict that Tilray Inc will post -0.2 EPS for the current fiscal year.
Institutional Trading of Tilray
Several hedge funds have recently added to or reduced their stakes in TLRY. Newman Dignan & Sheerar Inc. raised its holdings in Tilray by 61.9% in the 4th quarter. Newman Dignan & Sheerar Inc. now owns 26,150 shares of the company's stock valued at $35,000 after acquiring an additional 10,000 shares in the last quarter. CIBC Asset Management Inc raised its holdings in Tilray by 11.4% in the 4th quarter. CIBC Asset Management Inc now owns 1,011,740 shares of the company's stock valued at $1,335,000 after acquiring an additional 103,642 shares in the last quarter. Atria Wealth Solutions Inc. raised its holdings in Tilray by 174.7% in the 4th quarter. Atria Wealth Solutions Inc. now owns 84,516 shares of the company's stock valued at $112,000 after acquiring an additional 53,751 shares in the last quarter. Alberta Investment Management Corp raised its holdings in Tilray by 58.2% in the 4th quarter. Alberta Investment Management Corp now owns 668,800 shares of the company's stock valued at $884,000 after acquiring an additional 246,000 shares in the last quarter. Finally, Thompson Davis & CO. Inc. acquired a new position in Tilray in the 4th quarter valued at approximately $249,000. Institutional investors own 9.35% of the company's stock.
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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