Tilray (NASDAQ:TLRY) Trading 2.5% Higher

Tilray Inc (NASDAQ:TLRY)’s stock price shot up 2.5% during trading on Tuesday . The company traded as high as $1.85 and last traded at $1.85. 5,212,722 shares were traded during trading, a decline of 79% from the average session volume of 25,063,506 shares. The stock had previously closed at $1.80.

Tilray Trading Up 1.4 %

The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.42 and a current ratio of 2.27. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of -4.19 and a beta of 2.13. The company has a 50 day moving average of $1.82 and a 200-day moving average of $1.87.

Tilray (NASDAQ:TLRY) last posted its quarterly earnings data on Monday, July 29th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The company 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 firm’s revenue was up 24.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.15) EPS. On average, research analysts anticipate that Tilray Inc will post -0.16 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TLRY. Private Advisor Group LLC lifted its position in shares of Tilray by 31.0% during the 4th quarter. Private Advisor Group LLC now owns 163,824 shares of the company’s stock worth $377,000 after purchasing an additional 38,764 shares during the last quarter. Central Valley Advisors LLC purchased a new stake in Tilray during the 4th quarter worth about $336,000. Chesapeake Capital Corp IL acquired a new position in shares of Tilray during the 4th quarter worth about $55,000. RPO LLC purchased a new position in shares of Tilray in the 4th quarter valued at about $28,000. Finally, TD Asset Management Inc raised its position in shares of Tilray by 3.2% during the 4th quarter. TD Asset Management Inc now owns 1,242,538 shares of the company’s stock worth $2,883,000 after acquiring an additional 38,104 shares in the last quarter. Institutional investors and hedge funds 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.