Tilray Brands (TSE:TLRY) Trading 6.5% Higher – Still a Buy?

Tilray Brands, Inc. (TSE:TLRY)’s stock price was up 6.5% on Friday . The stock traded as high as C$6.28 and last traded at C$6.27. 395,750 shares were traded during mid-day trading, a decline of 27% from the average daily volume of 540,553 shares. The stock had previously closed at C$5.89.

Tilray Brands Stock Performance

The stock has a market cap of C$863.53 million, a P/E ratio of -5.82 and a beta of 3.08. The stock has a fifty day simple moving average of C$6.57 and a 200-day simple moving average of C$8.65. The company has a quick ratio of 2.15, a current ratio of 2.21 and a debt-to-equity ratio of 24.68.

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.