Tilray Inc (NASDAQ:TLRY – Get Free Report) was the recipient of unusually large options trading activity on Tuesday. Stock traders acquired 65,869 call options on the company. This is an increase of 67% compared to the average volume of 39,407 call options.
Institutional Trading of Tilray
Hedge funds have recently added to or reduced their stakes in the business. Prospect Financial Services LLC acquired a new stake in Tilray during the second quarter valued at $26,000. Ferguson Wellman Capital Management Inc. bought a new position in Tilray during the third quarter valued at about $26,000. Signature Estate & Investment Advisors LLC bought a new position in Tilray during the second quarter valued at about $29,000. Jeppson Wealth Management LLC bought a new stake in shares of Tilray in the 2nd quarter valued at approximately $33,000. Finally, Vanguard Capital Wealth Advisors acquired a new position in shares of Tilray in the 2nd quarter worth approximately $34,000. Institutional investors own 9.35% of the company’s stock.
Tilray Price Performance
TLRY stock traded up $0.07 on Tuesday, reaching $1.47. 41,795,070 shares of the company’s stock were exchanged, compared to its average volume of 25,521,072. The company has a quick ratio of 1.57, a current ratio of 2.47 and a debt-to-equity ratio of 0.08. The firm has a market cap of $1.33 billion, a PE ratio of -5.22 and a beta of 2.14. Tilray has a twelve month low of $1.36 and a twelve month high of $2.97. The stock has a fifty day moving average of $1.67 and a 200-day moving average of $1.78.
Analyst Upgrades and Downgrades
Separately, Roth Mkm cut their target price on shares of Tilray from $2.00 to $1.75 and set a “neutral” rating for the company in a report on Friday, October 11th.
Get Our Latest Report on Tilray
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 Canada.
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