Tilray (NASDAQ:TLRY) Shares Down 1.1%

Shares of Tilray Inc (NASDAQ:TLRY) traded down 1.1% on Tuesday . The company traded as low as $1.68 and last traded at $1.69. 5,634,338 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 25,361,375 shares. The stock had previously closed at $1.71.

Tilray Price Performance

The company has a market cap of $1.30 billion, a P/E ratio of -3.82 and a beta of 2.19. The firm’s 50-day moving average is $1.82 and its two-hundred day moving average is $1.88. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.27 and a quick ratio of 1.42.

Tilray (NASDAQ:TLRY) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $226.20 million. Tilray had a negative return on equity of 2.63% and a negative net margin of 30.26%. The business’s quarterly revenue was up 24.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.15) earnings per share. Analysts anticipate that Tilray Inc will post -0.12 earnings per share for the current year.

Institutional Investors Weigh In On Tilray

Several institutional investors have recently made changes to their positions in the company. Arizona State Retirement System increased 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 worth $360,000 after purchasing an additional 9,171 shares during the period. CapWealth Advisors LLC lifted its holdings in Tilray by 12.5% during the 1st quarter. CapWealth Advisors LLC now owns 90,000 shares of the company’s stock valued at $222,000 after buying an additional 10,000 shares in the last quarter. Simplicity Wealth LLC bought a new stake in Tilray during the 1st quarter valued at about $28,000. RPO LLC purchased a new stake in Tilray in the 4th quarter valued at about $28,000. Finally, Private Advisor Group LLC grew its stake in Tilray by 7.3% in the 1st quarter. Private Advisor Group LLC now owns 175,845 shares of the company’s stock worth $434,000 after acquiring an additional 12,021 shares in the last quarter. 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.