Tilray Brands (TSE:TLRY) Stock Price Down 4.2% - Here's Why
Tilray Brands (TSE:TLRY) shares fell 4.2% to C$0.91, with trading volume down 77% from average levels. The company reported a debt-to-equity ratio of 10.76 and a market cap of C$554.16 million. Despite challenges, Tilray's Q3 earnings showed growth. Analysts currently rate the stock as a Hold, but suggest five other stocks as better investment options.
Tilray Brands, Inc. (TSE:TLRY - Get Free Report) shares were down 4.2% on Tuesday . The stock traded as low as C$0.90 and last traded at C$0.91. Approximately 359,155 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 1,586,752 shares. The stock had previously closed at C$0.95.
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Tilray Brands Stock Performance
- Tilray’s Q3 Earnings Reveal Growth Despite Challenges
The company has a debt-to-equity ratio of 10.76, a quick ratio of 2.16 and a current ratio of 2.54. The stock's 50-day simple moving average is C$1.50 and its two-hundred day simple moving average is C$1.91. The stock has a market cap of C$554.16 million, a price-to-earnings ratio of -2.08 and a beta of 2.19.
Tilray Brands Company Profile
(Get Free Report)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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