Tilray Brands (TSE:TLRY) Trading 0.8% Higher – Here’s Why

Tilray Brands, Inc. (TSE:TLRY)’s stock price traded up 0.8% on Friday . The stock traded as high as C$13.89 and last traded at C$12.75. 1,209,614 shares changed hands during trading, an increase of 94% from the average session volume of 624,593 shares. The stock had previously closed at C$12.65.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein lifted their price objective on shares of Tilray Brands from C$13.00 to C$13.60 in a research note on Friday, December 19th.

Tilray Brands Stock Performance

The stock has a market cap of C$1.48 billion, a P/E ratio of -0.53 and a beta of 3.46. The business has a 50 day moving average price of C$14.04 and a 200 day moving average price of C$14.61. The company has a quick ratio of 2.16, a current ratio of 2.54 and a debt-to-equity ratio of 10.76.

About Tilray Brands

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.