Tilray Brands (TSE:TLRY) Stock Price Up 0.8% – Here’s What Happened

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

Analyst Upgrades and Downgrades

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

Tilray Brands Stock Performance

The business has a 50-day moving average price of C$14.04 and a 200-day moving average price of C$14.67. The company has a quick ratio of 2.16, a current ratio of 2.54 and a debt-to-equity ratio of 10.76. The firm has a market capitalization of C$1.49 billion, a price-to-earnings ratio of -0.54 and a beta of 3.46.

Tilray Brands Company Profile

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.