Tilray (NASDAQ:TLRY) Stock Price Down 3.2%

Tilray Inc (NASDAQ:TLRY) shares traded down 3.2% on Monday . The stock traded as low as $1.67 and last traded at $1.68. 9,461,924 shares were traded during trading, a decline of 68% from the average session volume of 29,250,340 shares. The stock had previously closed at $1.73.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Alliance Global Partners raised their price target on shares of Tilray from $2.25 to $2.75 and gave the company a “neutral” rating in a research report on Friday, April 5th. CIBC reduced their price target on shares of Tilray from $2.25 to $2.00 and set a “neutral” rating for the company in a research report on Wednesday, April 10th. Finally, Canaccord Genuity Group reduced their price target on shares of Tilray from $4.25 to $4.00 and set a “buy” rating for the company in a research report on Wednesday, April 10th.

Tilray Stock Up 7.0 %

The company has a debt-to-equity ratio of 0.11, a current ratio of 1.92 and a quick ratio of 1.18. The business’s 50-day simple moving average is $1.95 and its 200 day simple moving average is $1.95.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Clear Street Markets LLC bought a new position in Tilray during the 3rd quarter valued at about $25,000. Lake Street Financial LLC bought a new position in Tilray during the 3rd quarter valued at about $28,000. Gainplan LLC bought a new position in Tilray during the 4th quarter valued at about $28,000. RPO LLC bought a new position in Tilray during the 4th quarter valued at about $28,000. Finally, Great Valley Advisor Group Inc. bought a new position in Tilray in the 3rd quarter worth about $29,000. 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.