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Tilray Brands (TSE:TLRY) Reaches New 1-Year Low - Time to Sell?

Tilray Brands logo with Medical background

Tilray Brands, Inc. (TSE:TLRY - Get Free Report)'s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as C$1.29 and last traded at C$1.31, with a volume of 647955 shares trading hands. The stock had previously closed at C$1.32.

Tilray Brands Stock Performance

The stock has a market cap of C$869.90 million, a PE ratio of -3.26 and a beta of 2.19. 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 50 day moving average price of C$1.69 and a 200 day moving average price of C$2.04.

About Tilray Brands

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Tilray is a Canadian producer that cultivates and sells medical and recreational cannabis. In 2021, legacy Aphria acquired legacy Tilray in a reverse merger and renamed itself Tilray. The bulk of its sales are in Canada and in the international medical cannabis export market. U.S. exposure consists of CBD products through Manitoba Harvest and beer through SweetWater.

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