Tilray Inc (NASDAQ:TLRY - Get Free Report) rose 0.2% during mid-day trading on Monday . The stock traded as high as $0.50 and last traded at $0.49. Approximately 8,850,328 shares were traded during trading, a decline of 70% from the average daily volume of 29,390,402 shares. The stock had previously closed at $0.49.
Analyst Upgrades and Downgrades
Several brokerages have commented on TLRY. 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 report on Wednesday, April 9th. Canaccord Genuity Group raised their target price on Tilray from $2.00 to $3.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Finally, Roth Capital reaffirmed a "neutral" rating on shares of Tilray in a research note on Monday.
Get Our Latest Analysis on TLRY
Tilray Trading Down 5.4 %
The stock has a 50 day moving average of $0.68 and a 200-day moving average of $1.14. The company has a market capitalization of $421.94 million, a P/E ratio of -1.50 and a beta of 1.88. The company has a current ratio of 2.54, a quick ratio of 1.58 and a debt-to-equity ratio of 0.10.
Tilray (NASDAQ:TLRY - Get Free Report) last announced its quarterly earnings data on Tuesday, April 8th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.06). The business had revenue of $185.78 million during the quarter, compared to analysts' expectations of $213.38 million. Tilray had a negative net margin of 30.95% and a negative return on equity of 4.40%. On average, research analysts predict that Tilray Inc will post -0.2 EPS for the current year.
Institutional Trading of Tilray
Institutional investors and hedge funds have recently made changes to their positions in the company. Tidal Investments LLC lifted its holdings in shares of Tilray by 9.2% during the 4th quarter. Tidal Investments LLC now owns 10,595,264 shares of the company's stock valued at $14,092,000 after purchasing an additional 889,086 shares during the last quarter. Quinn Opportunity Partners LLC raised its holdings in shares of 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 purchasing an additional 840,000 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Tilray in the 4th quarter valued at about $1,029,000. Dimensional Fund Advisors LP boosted its position 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 purchasing an additional 769,569 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in Tilray during the fourth quarter worth $879,000. 9.35% of the stock is currently owned by 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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