Tilray Brands (TSE:TLRY) Trading Down 3% – Here’s Why

Tilray Brands, Inc. (TSE:TLRYGet Free Report) dropped 3% on Friday . The company traded as low as C$5.55 and last traded at C$5.56. Approximately 471,589 shares were traded during mid-day trading, a decline of 14% from the average session volume of 545,995 shares. The stock had previously closed at C$5.73.

Tilray Brands Stock Performance

The stock has a fifty day simple moving average of C$6.18 and a 200-day simple moving average of C$7.61. The stock has a market cap of C$764.95 million, a P/E ratio of -5.10 and a beta of 3.22. The company has a debt-to-equity ratio of 24.68, a quick ratio of 2.15 and a current ratio of 2.21.

About Tilray Brands

(Get Free Report)

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.

Further Reading

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