Tilray Brands (TSE:TLRY) Stock Price Down 7.8%

Tilray Brands, Inc. (TSE:TLRYGet Rating)’s stock price dropped 7.8% during trading on Monday . The company traded as low as C$3.54 and last traded at C$3.65. Approximately 164,195 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 987,836 shares. The stock had previously closed at C$3.96.

Tilray Brands Stock Performance

The company has a debt-to-equity ratio of 14.42, a current ratio of 3.33 and a quick ratio of 2.16. The stock has a market cap of C$2.31 billion and a price-to-earnings ratio of 6.85. The stock’s 50-day moving average is C$4.69 and its 200 day moving average is C$4.60.

About Tilray Brands

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Tilray Brands, Inc engages in the research, cultivation, production, marketing, 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.

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