Tilray (NASDAQ:TLRY) Trading 1.5% Higher

Tilray Inc (NASDAQ:TLRY) was up 1.5% on Thursday . The company traded as high as $1.70 and last traded at $1.69. Approximately 4,121,345 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 25,267,654 shares. The stock had previously closed at $1.66.

Tilray Trading Up 1.5 %

The firm has a market capitalization of $1.30 billion, a PE ratio of -3.83 and a beta of 2.19. 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 company has a fifty day moving average of $1.82 and a 200-day moving average of $1.88.

Tilray (NASDAQ:TLRY) last posted its quarterly earnings results 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). The firm had revenue of $229.90 million for the quarter, compared to analysts’ expectations of $226.20 million. Tilray had a negative return on equity of 2.63% and a negative net margin of 30.26%. The firm’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same period last year, the business earned ($0.15) earnings per share. On average, sell-side analysts anticipate that Tilray Inc will post -0.12 earnings per share for the current fiscal year.

Institutional Trading of Tilray

Several large investors have recently added to or reduced their stakes in the business. Arizona State Retirement System raised its holdings in shares of Tilray by 4.4% during the 2nd quarter. Arizona State Retirement System now owns 216,693 shares of the company’s stock valued at $360,000 after purchasing an additional 9,171 shares in the last quarter. CapWealth Advisors LLC lifted its position in shares of Tilray by 12.5% in the first 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 acquired a new stake in shares of Tilray in the first quarter worth about $28,000. RPO LLC acquired a new position in shares of Tilray during the 4th quarter valued at about $28,000. Finally, Private Advisor Group LLC raised its stake in shares of Tilray by 7.3% in the 1st 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 in the last quarter. 9.35% of the stock is owned by 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.