Tilray (NASDAQ:TLRY) Shares Up 0.9%

Tilray Inc (NASDAQ:TLRY)’s stock price shot up 0.9% during mid-day trading on Thursday . The stock traded as high as $1.73 and last traded at $1.72. 4,041,480 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 25,466,322 shares. The stock had previously closed at $1.70.

Tilray Price Performance

The company has a debt-to-equity ratio of 0.10, a current ratio of 2.27 and a quick ratio of 1.42. The firm has a 50-day moving average price of $1.82 and a 200-day moving average price of $1.88.

Tilray (NASDAQ:TLRY) last posted its quarterly earnings data 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). Tilray had a negative net margin of 30.26% and a negative return on equity of 2.63%. The company had revenue of $229.90 million for the quarter, compared to the consensus estimate of $226.20 million. During the same period last year, the business earned ($0.15) EPS. The firm’s quarterly revenue was up 24.8% on a year-over-year basis. Equities research analysts forecast that Tilray Inc will post -0.12 EPS for the current year.

Institutional Trading of Tilray

Institutional investors have recently added to or reduced their stakes in the business. Prospect Financial Services LLC purchased a new position in shares of Tilray in the 2nd quarter worth $26,000. RPO LLC bought a new stake in shares of Tilray in the fourth quarter worth about $28,000. Simplicity Wealth LLC bought a new stake in shares of Tilray in the first quarter worth about $28,000. Gainplan LLC bought a new stake in shares of Tilray in the fourth quarter worth about $28,000. Finally, Wellington Wealth Strategies LLC. bought a new stake in shares of Tilray in the fourth quarter worth about $29,000. 9.35% of the stock is currently owned by hedge funds and other institutional investors.

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.