Tilray (NASDAQ:TLRY) Trading Up 2.7%

Tilray Inc (NASDAQ:TLRY) shares rose 2.7% during mid-day trading on Wednesday . The stock traded as high as $1.92 and last traded at $1.91. Approximately 6,516,910 shares changed hands during trading, a decline of 75% from the average daily volume of 25,715,840 shares. The stock had previously closed at $1.87.

Tilray Stock Up 3.0 %

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 firm has a 50-day moving average of $1.79 and a 200 day moving average of $1.88. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of -4.42 and a beta of 2.19.

Tilray (NASDAQ:TLRY) last released its quarterly earnings data on Monday, July 29th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). Tilray had a negative net margin of 30.26% and a negative return on equity of 2.63%. The company had revenue of $229.90 million during the quarter, compared to analyst estimates of $226.20 million. During the same period in the previous year, the company posted ($0.15) EPS. The company’s quarterly revenue was up 24.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Tilray Inc will post -0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TLRY. Vontobel Holding Ltd. raised its holdings in shares of Tilray by 2.7% in the 4th 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 period. Arizona State Retirement System raised its stake in Tilray by 4.4% in the second quarter. Arizona State Retirement System now owns 216,693 shares of the company’s stock valued at $360,000 after buying an additional 9,171 shares during the period. International Assets Investment Management LLC lifted its position 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 buying an additional 9,453 shares during the last quarter. CapWealth Advisors LLC boosted its stake in shares of Tilray by 12.5% during the 1st quarter. CapWealth Advisors LLC now owns 90,000 shares of the company’s stock worth $222,000 after acquiring an additional 10,000 shares during the period. Finally, Simplicity Wealth LLC acquired a new position in shares of Tilray during the 1st quarter worth approximately $28,000. Institutional investors 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.