Tilray (NASDAQ:TLRY) Stock Price Up 0.7%

Shares of Tilray Inc (NASDAQ:TLRYGet Free Report) rose 0.7% during trading on Thursday . The company traded as high as $1.72 and last traded at $1.70. Approximately 2,576,776 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 27,967,662 shares. The stock had previously closed at $1.69.

Wall Street Analysts Forecast Growth

TLRY has been the topic of a number of research reports. CIBC cut their price objective on shares of Tilray from $2.25 to $2.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 10th. Canaccord Genuity Group cut their price objective on shares of Tilray from $4.25 to $4.00 and set a “buy” rating on the stock in a research report on Wednesday, April 10th. Finally, Alliance Global Partners boosted their price objective on shares of Tilray from $2.25 to $2.75 and gave the stock a “neutral” rating in a research report on Friday, April 5th.

Read Our Latest Report on Tilray

Tilray Stock Performance

The company has a current ratio of 1.92, a quick ratio of 1.18 and a debt-to-equity ratio of 0.11. The company’s 50-day simple moving average is $1.86 and its 200-day simple moving average is $1.95.

Institutional Trading of Tilray

Several institutional investors and hedge funds have recently added to or reduced their stakes in TLRY. Marathon Trading Investment Management LLC increased its holdings in shares of Tilray by 24.7% in the third quarter. Marathon Trading Investment Management LLC now owns 29,302 shares of the company’s stock valued at $70,000 after purchasing an additional 5,802 shares during the last quarter. Vontobel Holding Ltd. increased its holdings in shares of Tilray by 2.7% in the fourth quarter. Vontobel Holding Ltd. now owns 278,199 shares of the company’s stock valued at $640,000 after purchasing an additional 7,362 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Tilray by 179.0% in the fourth quarter. International Assets Investment Management LLC now owns 14,734 shares of the company’s stock valued at $34,000 after purchasing an additional 9,453 shares during the last quarter. CapWealth Advisors LLC increased its holdings in shares of Tilray by 12.5% in the first quarter. CapWealth Advisors LLC now owns 90,000 shares of the company’s stock valued at $222,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Simplicity Wealth LLC acquired a new position in shares of Tilray in the first quarter valued at $28,000. 9.35% of the stock is owned by institutional investors.

About Tilray

(Get Free Report)

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.

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