Tilray Inc (NASDAQ:TLRY – Get Free Report)’s stock price rose 1.2% during trading on Wednesday . The stock traded as high as $1.72 and last traded at $1.70. Approximately 7,280,736 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 25,330,779 shares. The stock had previously closed at $1.68.
Tilray Stock Performance
The company’s 50-day simple moving average is $1.82 and its 200 day simple moving average is $1.88. 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 stock has a market cap of $1.26 billion, a P/E ratio of -3.74 and a beta of 2.19.
Tilray (NASDAQ:TLRY – Get Free Report) last released its earnings results on Monday, July 29th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The business had revenue of $229.90 million for 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.15) earnings per share. As a group, sell-side analysts expect that Tilray Inc will post -0.12 EPS for the current fiscal year.
Institutional Inflows and Outflows
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.
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