Tilray (NASDAQ:TLRY) Shares Up 0.3%

Tilray Inc (NASDAQ:TLRY)’s share price shot up 0.3% during mid-day trading on Wednesday . The company traded as high as $1.63 and last traded at $1.63. 2,464,525 shares were traded during trading, a decline of 91% from the average session volume of 27,414,826 shares. The stock had previously closed at $1.62.

Analyst Ratings Changes

A number of research firms have issued reports on TLRY. Alliance Global Partners boosted their target price on shares of Tilray from $2.25 to $2.75 and gave the company a “neutral” rating in a research note on Friday, April 5th. Canaccord Genuity Group reduced their target price on shares of Tilray from $4.25 to $4.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. Finally, CIBC reduced their target price on shares of Tilray from $2.25 to $2.00 and set a “neutral” rating for the company in a research note on Wednesday, April 10th.

Tilray Trading Up 2.4 %

The business’s 50 day moving average price is $1.85 and its two-hundred day moving average price is $1.95. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of -3.93 and a beta of 2.25. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.18 and a current ratio of 1.92.

Institutional Trading of Tilray

A number of institutional investors have recently made changes to their positions in the stock. Cetera Advisors LLC lifted its stake in shares of Tilray by 209.5% in the 1st quarter. Cetera Advisors LLC now owns 115,665 shares of the company’s stock worth $286,000 after acquiring an additional 78,292 shares during the period. Virtu Financial LLC acquired a new stake in shares of Tilray in the 1st quarter worth approximately $586,000. Tidal Investments LLC lifted its stake in shares of Tilray by 36,687.0% in the 1st quarter. Tidal Investments LLC now owns 10,677,428 shares of the company’s stock worth $26,373,000 after acquiring an additional 10,648,403 shares during the period. California State Teachers Retirement System lifted its stake in Tilray by 4.4% during the first quarter. California State Teachers Retirement System now owns 678,990 shares of the company’s stock valued at $1,677,000 after purchasing an additional 28,586 shares during the last quarter. Finally, Bayesian Capital Management LP lifted its stake in Tilray by 193.0% during the first quarter. Bayesian Capital Management LP now owns 54,800 shares of the company’s stock valued at $135,000 after purchasing an additional 36,100 shares during the last quarter. 9.35% of the stock is owned by institutional investors and hedge funds.

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.