Tilray (NASDAQ:TLRY) Shares Up 0.3%

Tilray Inc (NASDAQ:TLRY)’s stock price shot up 0.3% during mid-day trading on Thursday . The company traded as high as $1.89 and last traded at $1.87. 5,433,948 shares traded hands during trading, a decline of 82% from the average session volume of 30,679,250 shares. The stock had previously closed at $1.86.

Analyst Ratings Changes

Several research analysts have weighed in on the company. CIBC lowered their target price on Tilray from $2.25 to $2.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 10th. Alliance Global Partners lifted their target price on Tilray from $2.25 to $2.75 and gave the company a “neutral” rating in a research note on Friday, April 5th. Finally, Canaccord Genuity Group lowered their target price on Tilray from $4.25 to $4.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th.

Tilray Stock Up 1.1 %

The company has a quick ratio of 1.18, a current ratio of 1.92 and a debt-to-equity ratio of 0.11. The firm has a fifty day moving average price of $2.06 and a 200 day moving average price of $1.96.

Institutional Trading of Tilray

Hedge funds have recently modified their holdings of the business. Clear Street Markets LLC acquired a new position in Tilray during the third quarter worth $25,000. Simplicity Wealth LLC acquired a new position in Tilray during the first quarter worth $28,000. RPO LLC acquired a new position in Tilray during the fourth quarter worth $28,000. Great Valley Advisor Group Inc. acquired a new position in shares of Tilray in the third quarter worth $29,000. Finally, Gainplan LLC acquired a new position in shares of Tilray in the fourth quarter worth $28,000. 9.35% of the stock is owned by institutional investors and hedge funds.

About Tilray

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.