Tilray Brands (TSE:TLRY) Trading 0.8% Higher – Here’s Why

Tilray Brands, Inc. (TSE:TLRY)’s share price traded up 0.8% during trading on Friday . The company traded as high as C$13.89 and last traded at C$12.75. 1,209,614 shares traded hands during trading, an increase of 94% from the average session volume of 624,593 shares. The stock had previously closed at C$12.65.

Analyst Ratings Changes

Separately, Sanford C. Bernstein lifted their price objective on Tilray Brands from C$13.00 to C$13.60 in a research note on Friday, December 19th.

Tilray Brands Price Performance

The company has a current ratio of 2.54, a quick ratio of 2.16 and a debt-to-equity ratio of 10.76. The firm’s 50-day moving average price is C$14.04 and its 200-day moving average price is C$14.61. The stock has a market capitalization of C$1.48 billion, a PE ratio of -0.53 and a beta of 3.46.

Tilray Brands Company Profile

Tilray Brands, Inc (‘Tilray’) (Nasdaq: TLRY; TSX: TLRY), is a global lifestyle and consumer packaged goods company at the forefront of beverage, cannabis and wellness industries with operations in Canada, the United States, Europe, Australia, and Latin America that is leading as a transformative force at the nexus of cannabis, beverage, wellness, and entertainment, elevating lives through moments of connection. Tilray’s mission is to be a leading premium lifestyle company with a house of brands and innovative products that inspire joy, wellness and create memorable experiences.