Tilray Brands (TSE:TLRY) Stock Price Up 1.1% – Here’s Why

Tilray Brands, Inc. (TSE:TLRY) shares rose 1.1% on Thursday . The stock traded as high as C$7.60 and last traded at C$7.54. Approximately 632,738 shares were traded during mid-day trading, an increase of 9% from the average daily volume of 578,461 shares. The stock had previously closed at C$7.46.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group set a C$13.00 price target on shares of Tilray Brands and gave the stock a “hold” rating in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Tilray Brands has an average rating of “Hold” and an average target price of C$13.30.

Tilray Brands Price Performance

The firm’s 50-day moving average is C$8.98 and its two-hundred day moving average is C$11.68. The company has a market cap of C$870.72 million, a P/E ratio of -0.50 and a beta of 3.24. The company has a debt-to-equity ratio of 20.36, a current ratio of 2.79 and a quick ratio of 2.16.

About Tilray Brands

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.