Tilray Brands (TSE:TLRY) Hits New 1-Year Low – Here’s Why

Tilray Brands, Inc. (TSE:TLRYGet Free Report) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as C$5.96 and last traded at C$5.96, with a volume of 79954 shares trading hands. The stock had previously closed at C$6.11.

Tilray Brands Price Performance

The firm has a market capitalization of C$746.91 million, a PE ratio of -0.41 and a beta of 3.08. The stock’s 50 day simple moving average is C$6.92 and its two-hundred day simple moving average is C$9.15. The company has a debt-to-equity ratio of 20.36, a quick ratio of 2.15 and a current ratio of 2.79.

About Tilray Brands

(Get Free Report)

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.

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