Tilray (NASDAQ:TLRY) Shares Up 0.6%

Tilray Inc (NASDAQ:TLRY)’s stock price traded up 0.6% during trading on Monday . The company traded as high as $1.77 and last traded at $1.75. 3,857,347 shares changed hands during trading, a decline of 85% from the average session volume of 24,953,682 shares. The stock had previously closed at $1.74.

Tilray Stock Performance

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 capitalization of $1.30 billion, a P/E ratio of -3.78 and a beta of 2.13. The firm has a 50 day moving average price of $1.79 and a two-hundred day moving average price of $1.88.

Tilray (NASDAQ:TLRY) last announced its earnings results on Monday, July 29th. The company reported ($0.04) EPS 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 net margin of 30.26% and a negative return on equity of 2.63%. The company’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same period in the prior year, the company earned ($0.15) earnings per share. On average, equities research analysts expect that Tilray Inc will post -0.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Tilray

A number of hedge funds and other institutional investors 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% in the first quarter. Tidal Investments LLC now owns 10,677,428 shares of the company’s stock worth $26,373,000 after buying an additional 10,648,403 shares during the period. Bank of Montreal Can boosted its position 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 acquiring an additional 355,778 shares during the period. Virtu Financial LLC purchased a new position in Tilray during the 1st quarter valued at about $586,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Tilray by 8.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,679,532 shares of the company’s stock valued at $6,699,000 after purchasing an additional 213,834 shares during the period. Finally, J.W. Cole Advisors Inc. lifted its position in shares of Tilray by 1,077.2% in the second quarter. J.W. Cole Advisors Inc. now owns 171,054 shares of the company’s stock worth $284,000 after purchasing an additional 156,524 shares in the last quarter. Institutional investors and hedge funds own 9.35% of the company’s stock.

Tilray Company Profile

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.