Tilray (NASDAQ:TLRY) Shares Up 1.4%

Tilray Inc (NASDAQ:TLRY)’s share price traded up 1.4% during trading on Friday . The company traded as high as $1.77 and last traded at $1.77. 3,958,579 shares were traded during trading, a decline of 84% from the average session volume of 25,007,477 shares. The stock had previously closed at $1.74.

Tilray Trading Up 1.1 %

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 stock has a market cap of $1.48 billion, a PE ratio of -4.01 and a beta of 2.13. The stock has a 50-day moving average of $1.80 and a 200 day moving average of $1.87.

Tilray (NASDAQ:TLRY) last posted its earnings results on Monday, July 29th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02). Tilray had a negative net margin of 30.26% and a negative return on equity of 2.63%. The firm had revenue of $229.90 million for the quarter, compared to analysts’ expectations of $226.20 million. During the same period last year, the firm earned ($0.15) earnings per share. Tilray’s revenue for the quarter was up 24.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Tilray Inc will post -0.16 earnings per share for the current year.

Institutional Trading of Tilray

Large investors have recently bought and sold shares of the business. TD Asset Management Inc increased its position in Tilray by 3.2% during the fourth quarter. TD Asset Management Inc now owns 1,242,538 shares of the company’s stock worth $2,883,000 after purchasing an additional 38,104 shares during the last quarter. CIBC Asset Management Inc raised its stake in Tilray by 3.7% in the fourth quarter. CIBC Asset Management Inc now owns 672,586 shares of the company’s stock valued at $1,558,000 after buying an additional 23,786 shares in the last quarter. Wellington Wealth Strategies LLC. acquired a new stake in Tilray during the fourth quarter worth approximately $29,000. Austin Wealth Management LLC purchased a new stake in Tilray in the fourth quarter valued at $115,000. Finally, HighPoint Advisor Group LLC acquired a new stake in shares of Tilray in the 4th quarter valued at about $43,000. 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.