Tilray (NASDAQ:TLRY) Stock Price Up 0.3%

Tilray Inc (NASDAQ:TLRY)’s stock price was up 0.3% during trading on Monday . The company traded as high as $1.83 and last traded at $1.80. Approximately 3,599,765 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 25,842,156 shares. The stock had previously closed at $1.79.

Tilray Price Performance

The company has a current ratio of 2.27, a quick ratio of 1.42 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $1.38 billion, a PE ratio of -4.10 and a beta of 2.19. The stock has a fifty day simple moving average of $1.79 and a 200-day simple moving average of $1.89.

Tilray (NASDAQ:TLRY) last posted its quarterly earnings results on Monday, July 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The firm had revenue of $229.90 million for the quarter, compared to analysts’ expectations of $226.20 million. Tilray had a negative return on equity of 2.63% and a negative net margin of 30.26%. The company’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same period in the prior year, the company earned ($0.15) earnings per share. Equities analysts anticipate that Tilray Inc will post -0.12 earnings per share for the current year.

Institutional Investors Weigh In On Tilray

Hedge funds and other institutional investors have recently made changes to their positions in the business. Lazard Asset Management LLC acquired a new position in shares of Tilray in the first quarter worth about $118,000. Arizona State Retirement System raised its position in shares of Tilray by 8.2% during the 4th quarter. Arizona State Retirement System now owns 204,148 shares of the company’s stock worth $470,000 after buying an additional 15,449 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in Tilray by 46.2% in the first quarter. Avantax Advisory Services Inc. now owns 53,110 shares of the company’s stock worth $131,000 after purchasing an additional 16,792 shares during the period. Concurrent Investment Advisors LLC bought a new position in Tilray during the first quarter valued at about $75,000. Finally, Austin Wealth Management LLC bought a new position in shares of Tilray during the 4th quarter valued at about $115,000. Hedge funds and other 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.