Tilray Inc (NASDAQ:TLRY - Get Free Report) shares rose 1.2% on Monday . The stock traded as high as $0.45 and last traded at $0.43. Approximately 9,660,216 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 28,501,778 shares. The stock had previously closed at $0.43.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on TLRY shares. Roth Capital reissued a "neutral" rating on shares of Tilray in a research note on Monday, April 14th. Piper Sandler lowered their price objective 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.
Read Our Latest Stock Report on Tilray
Tilray Trading Up 12.5%
The business's 50-day moving average is $0.53 and its two-hundred day moving average is $0.97. The company has a current ratio of 2.54, a quick ratio of 1.58 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $498.22 million, a PE ratio of -1.65 and a beta of 1.95.
Tilray (NASDAQ:TLRY - Get Free Report) last announced its quarterly earnings results on Tuesday, April 8th. The company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.06). Tilray had a negative return on equity of 4.40% and a negative net margin of 30.95%. The business had revenue of $185.78 million for the quarter, compared to analysts' expectations of $213.38 million. On average, analysts predict that Tilray Inc will post -0.2 earnings per share for the current year.
Institutional Trading of Tilray
A number of institutional investors have recently added to or reduced their stakes in TLRY. Tidal Investments LLC boosted its position in Tilray by 9.2% during the 4th 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 period. Quinn Opportunity Partners LLC lifted its holdings in Tilray by 108.0% in the 4th 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 in the last quarter. Virtu Financial LLC acquired a new position in Tilray in the 4th quarter worth $1,029,000. Dimensional Fund Advisors LP lifted its holdings in Tilray by 54.8% in the 4th 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 in the last quarter. Finally, Millennium Management LLC acquired a new position in Tilray in the 4th quarter worth $879,000. 9.35% of the stock is owned by hedge funds and other institutional investors.
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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