Tilray Inc (NASDAQ:TLRY – Get Free Report) shares saw strong trading volume on Tuesday . 9,383,623 shares changed hands during mid-day trading, a decline of 63% from the previous session’s volume of 25,362,785 shares.The stock last traded at $1.77 and had previously closed at $1.86.
Tilray Stock Performance
The stock has a 50 day moving average of $1.82 and a 200 day moving average of $1.88. 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 market capitalization of $1.43 billion, a price-to-earnings ratio of -3.86 and a beta of 2.19.
Tilray (NASDAQ:TLRY – Get Free Report) last issued its earnings results on Monday, July 29th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The business had revenue of $229.90 million during 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.15) earnings per share. As a group, analysts predict that Tilray Inc will post -0.12 EPS for the current year.
Institutional Investors Weigh In On Tilray
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.
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