Tilray Brands (TSE:TLRY) Stock Price Up 27.4%

Tilray Brands, Inc. (TSE:TLRY)’s stock price traded up 27.4% during trading on Tuesday . The company traded as high as C$3.12 and last traded at C$3.07. 4,056,978 shares changed hands during mid-day trading, an increase of 113% from the average session volume of 1,900,751 shares. The stock had previously closed at C$2.41.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein reduced their target price on shares of Tilray Brands from C$3.92 to C$2.95 in a research note on Tuesday, January 30th.

Tilray Brands Stock Up 41.9 %

The business has a 50-day simple moving average of C$2.65 and a two-hundred day simple moving average of C$2.63. The company has a quick ratio of 2.16, a current ratio of 1.62 and a debt-to-equity ratio of 15.60. The company has a market cap of C$2.58 billion, a price-to-earnings ratio of -0.93 and a beta of 2.35.

About Tilray Brands

Tilray Brands, Inc engages in the research, cultivation, processing, and distribution of medical cannabis products in Canada, the United States, Europe, Australia, New Zealand, Latin America, and internationally. The company operates through four segments: Cannabis Business, Distribution Business, Beverage Alcohol Business, and Wellness Business.