Tilray (NASDAQ:TLRY) Trading 0.8% Higher

Tilray Inc (NASDAQ:TLRY)’s stock price traded up 0.8% on Tuesday . The company traded as high as $1.82 and last traded at $1.79. 5,507,383 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 28,564,502 shares. The stock had previously closed at $1.77.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Canaccord Genuity Group dropped their target price on Tilray from $4.25 to $4.00 and set a “buy” rating for the company in a research report on Wednesday, April 10th. CIBC cut their target price on shares of Tilray from $2.25 to $2.00 and set a “neutral” rating on the stock in a report on Wednesday, April 10th. Finally, Alliance Global Partners raised their target price on shares of Tilray from $2.25 to $2.75 and gave the stock a “neutral” rating in a report on Friday, April 5th.

Tilray Stock Performance

The firm has a market cap of $1.56 billion, a P/E ratio of -4.59 and a beta of 2.36. The firm’s fifty day moving average is $1.97 and its two-hundred day moving average is $1.94. The company has a quick ratio of 1.18, a current ratio of 1.92 and a debt-to-equity ratio of 0.11.

Institutional Trading of Tilray

Several large investors have recently added to or reduced their stakes in TLRY. Clear Street Markets LLC bought a new stake in Tilray in the third quarter valued at $25,000. Gainplan LLC bought a new stake in Tilray in the fourth quarter valued at $28,000. Simplicity Wealth LLC bought a new stake in Tilray in the first quarter valued at $28,000. RPO LLC bought a new stake in Tilray in the fourth quarter valued at $28,000. Finally, Great Valley Advisor Group Inc. bought a new stake in Tilray in the third quarter valued at $29,000. Institutional investors own 9.35% of the company’s stock.

Tilray Company Profile

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 Nanaimo, Canada.