Tilray Brands (TSE:TLRY) Trading Down 13.1% – Here’s What Happened

Tilray Brands, Inc. (TSE:TLRYGet Free Report)’s stock price was down 13.1% during trading on Friday . The stock traded as low as C$1.70 and last traded at C$1.73. Approximately 1,246,716 shares changed hands during trading, a decline of 33% from the average daily volume of 1,865,527 shares. The stock had previously closed at C$1.99.

Tilray Brands Stock Down 12.6 %

The company has a current ratio of 2.27, a quick ratio of 2.16 and a debt-to-equity ratio of 11.25. The firm has a market cap of C$1.52 billion, a P/E ratio of -3.87 and a beta of 2.19. The firm’s 50 day moving average is C$1.94 and its two-hundred day moving average is C$2.24.

Tilray Brands Company Profile

(Get Free Report)

Tilray Brands, Inc, a lifestyle consumer products company, engages in the research, cultivation, processing, and distribution of medical cannabis products in Canada, the United States, Europe, Australia, New Zealand, Latin America, and internationally. The company operates through four segments: Beverage Alcohol, Cannabis, Distribution, and Wellness.

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