Tilray (NASDAQ:TLRY) Stock Price Up 1.4%

Tilray Inc (NASDAQ:TLRY)’s share price traded up 1.4% on Monday . The company traded as high as $1.77 and last traded at $1.77. 2,569,867 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 25,098,781 shares. The stock had previously closed at $1.74.

Tilray Stock Up 3.2 %

The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.42 and a current ratio of 2.27. The company has a market capitalization of $1.51 billion, a PE ratio of -4.01 and a beta of 2.13. The firm’s 50-day simple moving average is $1.82 and its 200 day simple moving average is $1.87.

Tilray (NASDAQ:TLRY) last released its quarterly earnings data 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). The firm had revenue of $229.90 million during the quarter, compared to analysts’ expectations of $226.20 million. Tilray had a negative net margin of 30.26% and a negative return on equity of 2.63%. The business’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.15) earnings per share. As a group, equities research analysts forecast that Tilray Inc will post -0.16 earnings per share for the current year.

Hedge Funds Weigh In On Tilray

Several institutional investors and hedge funds have recently modified their holdings of TLRY. Arizona State Retirement System increased its position in Tilray by 4.4% during the second quarter. Arizona State Retirement System now owns 216,693 shares of the company’s stock worth $360,000 after purchasing an additional 9,171 shares during the last quarter. CapWealth Advisors LLC increased its holdings in shares of Tilray by 12.5% during the 1st quarter. CapWealth Advisors LLC now owns 90,000 shares of the company’s stock worth $222,000 after buying an additional 10,000 shares during the last quarter. Simplicity Wealth LLC purchased a new position in shares of Tilray in the 1st quarter worth $28,000. RPO LLC acquired a new position in Tilray in the fourth quarter valued at $28,000. Finally, Private Advisor Group LLC boosted its holdings in Tilray by 7.3% in the first quarter. Private Advisor Group LLC now owns 175,845 shares of the company’s stock valued at $434,000 after acquiring an additional 12,021 shares during the last quarter. Hedge funds and other institutional investors own 9.35% of the company’s stock.

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.