Tilray (NASDAQ:TLRY) Trading 1.1% Higher

Shares of Tilray Inc (NASDAQ:TLRY) shot up 1.1% during mid-day trading on Thursday . The stock traded as high as $1.84 and last traded at $1.82. 3,926,683 shares traded hands during trading, a decline of 84% from the average session volume of 25,011,896 shares. The stock had previously closed at $1.80.

Tilray Trading Down 3.4 %

The company has a 50 day moving average price of $1.81 and a 200 day moving average price of $1.87. 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 firm has a market cap of $1.45 billion, a price-to-earnings ratio of -3.91 and a beta of 2.13.

Tilray (NASDAQ:TLRY) last announced its earnings results 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 company 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 company’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same period last year, the business earned ($0.15) EPS. On average, research analysts expect that Tilray Inc will post -0.16 earnings per share for the current year.

Institutional Trading of Tilray

Hedge funds have recently added to or reduced their stakes in the company. Tidal Investments LLC boosted its position in shares of Tilray by 36,687.0% during the 1st quarter. Tidal Investments LLC now owns 10,677,428 shares of the company’s stock worth $26,373,000 after acquiring an additional 10,648,403 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Tilray by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 3,525,160 shares of the company’s stock valued at $8,707,000 after purchasing an additional 117,891 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in Tilray by 8.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,679,532 shares of the company’s stock worth $6,699,000 after buying an additional 213,834 shares during the last quarter. Bank of Montreal Can grew its stake in Tilray by 19.6% during the 2nd quarter. Bank of Montreal Can now owns 2,169,100 shares of the company’s stock worth $3,622,000 after buying an additional 355,778 shares during the last quarter. Finally, Swiss National Bank increased its position in Tilray by 3.6% during the first quarter. Swiss National Bank now owns 1,490,938 shares of the company’s stock worth $3,683,000 after buying an additional 51,700 shares during the period. Institutional investors and hedge funds 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.