Tilray (NASDAQ:TLRY) Trading Down 1.2%

Tilray Inc (NASDAQ:TLRY - Get Free Report)'s share price was down 1.2% during trading on Wednesday . The company traded as low as $1.70 and last traded at $1.70. Approximately 5,578,038 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 25,032,898 shares. The stock had previously closed at $1.72.

Tilray Trading Down 2.3 %

The company has a quick ratio of 1.42, a current ratio of 2.27 and a debt-to-equity ratio of 0.10. The stock has a fifty day simple moving average of $1.80 and a 200 day simple moving average of $1.88. The firm has a market capitalization of $1.42 billion, a P/E ratio of -3.82 and a beta of 2.13.

Tilray (NASDAQ:TLRY - Get Free Report) last posted its quarterly earnings results on Monday, July 29th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.02). The business had revenue of $229.90 million for the quarter, compared to the consensus estimate of $226.20 million. Tilray had a negative net margin of 30.26% and a negative return on equity of 2.63%. Tilray's revenue was up 24.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.15) earnings per share. As a group, research analysts forecast that Tilray Inc will post -0.16 EPS for the current year.

Institutional Investors Weigh In On Tilray

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Tidal Investments LLC increased its holdings 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 purchasing an additional 10,648,403 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Tilray by 3.5% in the first 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 during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Tilray by 8.7% in the first 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 during the last quarter. Bank of Montreal Can increased its holdings in shares of Tilray by 19.6% in the second quarter. Bank of Montreal Can now owns 2,169,100 shares of the company's stock worth $3,622,000 after purchasing an additional 355,778 shares during the last quarter. Finally, Swiss National Bank increased its holdings in shares of Tilray by 3.6% in the first quarter. Swiss National Bank now owns 1,490,938 shares of the company's stock worth $3,683,000 after purchasing an additional 51,700 shares during the last quarter. 9.35% of the stock is owned by institutional investors.

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.