Tilray (NASDAQ:TLRY) Shares Up 1.2%

Tilray Inc (NASDAQ:TLRY - Get Free Report)'s share price shot up 1.2% during mid-day trading on Tuesday . The company traded as high as $1.74 and last traded at $1.71. 7,442,829 shares were traded during mid-day trading, a decline of 70% from the average session volume of 24,966,674 shares. The stock had previously closed at $1.69.

Tilray Price Performance

The business's 50-day moving average price is $1.81 and its 200 day moving average price is $1.88. The company has a market capitalization of $1.33 billion, a P/E ratio of -3.91 and a beta of 2.13. The company has a quick ratio of 1.42, a current ratio of 2.27 and a debt-to-equity ratio of 0.10.

Tilray (NASDAQ:TLRY - Get Free Report) last announced its quarterly 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). Tilray had a negative net margin of 30.26% and a negative return on equity of 2.63%. The firm had revenue of $229.90 million during the quarter, compared to the consensus estimate of $226.20 million. During the same period in the previous year, the business earned ($0.15) earnings per share. The firm's revenue for the quarter was up 24.8% on a year-over-year basis. Analysts anticipate that Tilray Inc will post -0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Tidal Investments LLC grew its position in 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 acquiring an additional 10,648,403 shares in the last quarter. Vanguard Group Inc. boosted its holdings 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 worth $8,707,000 after purchasing an additional 117,891 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted 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 worth $6,699,000 after purchasing an additional 213,834 shares in the last quarter. Bank of Montreal Can increased its position in shares of Tilray by 19.6% during the 2nd quarter. Bank of Montreal Can now owns 2,169,100 shares of the company's stock valued at $3,622,000 after purchasing an additional 355,778 shares during the last quarter. Finally, Swiss National Bank raised its holdings in shares of Tilray by 3.6% during the 1st quarter. Swiss National Bank now owns 1,490,938 shares of the company's stock valued at $3,683,000 after buying an additional 51,700 shares in the last quarter. Hedge funds and other institutional investors 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.