Tilray Brands (TSE:TLRY) Shares Down 3.3% – Time to Sell?

Tilray Brands, Inc. (TSE:TLRY) shares were down 3.3% on Thursday . The company traded as low as C$9.44 and last traded at C$9.51. Approximately 310,346 shares changed hands during trading, a decline of 36% from the average daily volume of 482,922 shares. The stock had previously closed at C$9.83.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Sanford C. Bernstein increased their price objective on shares of Tilray Brands from C$13.00 to C$13.60 in a report on Friday, December 19th. Canaccord Genuity Group set a C$13.00 target price on shares of Tilray Brands and gave the company a “hold” rating in a research report on Tuesday, January 27th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$13.30.

Tilray Brands Stock Performance

The company has a quick ratio of 2.16, a current ratio of 2.81 and a debt-to-equity ratio of 14.47. The stock has a market cap of C$1.10 billion, a P/E ratio of -0.40 and a beta of 3.23. The stock has a fifty day simple moving average of C$11.09 and a 200-day simple moving average of C$14.97.

Tilray Brands Company Profile

Tilray Brands, Inc (‘Tilray’) (Nasdaq: TLRY; TSX: TLRY), is a global lifestyle and consumer packaged goods company at the forefront of beverage, cannabis and wellness industries with operations in Canada, the United States, Europe, Australia, and Latin America that is leading as a transformative force at the nexus of cannabis, beverage, wellness, and entertainment, elevating lives through moments of connection. Tilray’s mission is to be a leading premium lifestyle company with a house of brands and innovative products that inspire joy, wellness and create memorable experiences.