Tilray (NASDAQ:TLRY) Trading Up 1.8%

Tilray Inc (NASDAQ:TLRY) was up 1.8% on Thursday . The stock traded as high as $1.97 and last traded at $1.96. Approximately 5,823,184 shares changed hands during trading, a decline of 77% from the average daily volume of 25,785,512 shares. The stock had previously closed at $1.92.

Tilray Stock Down 0.5 %

The company has a market cap of $1.64 billion, a P/E ratio of -4.41 and a beta of 2.19. The company has a quick ratio of 1.42, a current ratio of 2.27 and a debt-to-equity ratio of 0.10. The company has a fifty day moving average of $1.80 and a 200 day moving average of $1.89.

Tilray (NASDAQ:TLRY) last released its quarterly earnings results on Monday, July 29th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The business had revenue of $229.90 million for the quarter, compared to analysts’ expectations of $226.20 million. Tilray had a negative net margin of 30.26% and a negative return on equity of 2.63%. Tilray’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.15) EPS. On average, research analysts anticipate that Tilray Inc will post -0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Tilray

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tidal Investments LLC grew its position in shares of Tilray by 36,687.0% during the first quarter. Tidal Investments LLC now owns 10,677,428 shares of the company’s stock worth $26,373,000 after purchasing an additional 10,648,403 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Tilray by 19.6% in the second quarter. Bank of Montreal Can now owns 2,169,100 shares of the company’s stock worth $3,622,000 after buying an additional 355,778 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Tilray during the first quarter worth $586,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Tilray by 8.7% during the first 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 in the last quarter. Finally, Mackenzie Financial Corp increased its holdings in Tilray by 482.8% in the 4th quarter. Mackenzie Financial Corp now owns 206,659 shares of the company’s stock valued at $477,000 after acquiring an additional 171,200 shares during the last quarter. 9.35% of the stock is owned by hedge funds and other institutional investors.

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.