Tilray Brands (TSE:TLRY) Trading Down 19.7%

Tilray Brands, Inc. (TSE:TLRY)’s share price dropped 19.7% on Tuesday . The stock traded as low as C$2.80 and last traded at C$2.81. Approximately 1,731,913 shares were traded during mid-day trading, a decline of 4% from the average daily volume of 1,794,776 shares. The stock had previously closed at C$3.50.

Analyst Upgrades and Downgrades

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

Tilray Brands Stock Down 1.1 %

The company has a current ratio of 1.62, a quick ratio of 2.16 and a debt-to-equity ratio of 15.60. The firm’s 50 day simple moving average is C$2.67 and its two-hundred day simple moving average is C$2.68. The firm has a market cap of C$2.08 billion, a price-to-earnings ratio of -0.89 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.