Tilray (NASDAQ:TLRY) Stock Price Up 1.5%

Tilray Inc (NASDAQ:TLRY) shares were up 1.5% on Thursday . The stock traded as high as $1.70 and last traded at $1.69. Approximately 4,121,345 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 25,267,654 shares. The stock had previously closed at $1.66.

Tilray Stock Performance

The firm has a market cap of $1.37 billion, a PE ratio of -3.68 and a beta of 2.13. The business has a 50-day simple moving average of $1.82 and a 200 day simple moving average of $1.88. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.27 and a quick ratio of 1.42.

Tilray (NASDAQ:TLRY) last issued its 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 during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the firm posted ($0.15) earnings per share. Equities research analysts forecast that Tilray Inc will post -0.12 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TLRY. Tidal Investments LLC lifted its stake in Tilray by 36,687.0% in the first quarter. Tidal Investments LLC now owns 10,677,428 shares of the company’s stock worth $26,373,000 after acquiring an additional 10,648,403 shares during the period. Bank of Montreal Can increased its position in shares of Tilray by 19.6% in the 2nd quarter. Bank of Montreal Can now owns 2,169,100 shares of the company’s stock valued at $3,622,000 after acquiring an additional 355,778 shares during the period. Virtu Financial LLC purchased a new position in shares of Tilray in the first quarter worth about $586,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Tilray by 8.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,679,532 shares of the company’s stock valued at $6,699,000 after acquiring an additional 213,834 shares during the period. Finally, J.W. Cole Advisors Inc. lifted its position in Tilray by 1,077.2% during the second quarter. J.W. Cole Advisors Inc. now owns 171,054 shares of the company’s stock valued at $284,000 after purchasing an additional 156,524 shares during the period. Hedge funds and other institutional investors own 9.35% of the company’s stock.

About Tilray

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.