Tilray Brands (NASDAQ:TLRY) Upgraded at Atb Cap Markets

Atb Cap Markets upgraded shares of Tilray Brands (NASDAQ:TLRY) from a strong sell rating to a hold rating in a report issued on Wednesday,Zacks.com reports.

A number of other analysts have also recently issued reports on TLRY. Wall Street Zen upgraded Tilray Brands from a “strong sell” rating to a “hold” rating in a report on Saturday, October 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tilray Brands in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group increased their price objective on shares of Tilray Brands from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, August 25th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $20.00.

Tilray Brands Trading Up 44.1%

TLRY stock opened at $12.15 on Wednesday. The company has a quick ratio of 1.56, a current ratio of 2.62 and a debt-to-equity ratio of 0.15. The company has a market cap of $1.36 billion, a price-to-earnings ratio of -0.54 and a beta of 1.76. The business has a fifty day simple moving average of $12.26 and a 200-day simple moving average of $9.69. Tilray Brands has a 52 week low of $3.51 and a 52 week high of $23.20.

Institutional Investors Weigh In On Tilray Brands

A number of hedge funds have recently bought and sold shares of the business. Tidal Investments LLC boosted its stake in shares of Tilray Brands by 15.0% during the 2nd quarter. Tidal Investments LLC now owns 28,971,835 shares of the company’s stock valued at $12,006,000 after buying an additional 3,776,410 shares during the last quarter. Millennium Management LLC raised its holdings in Tilray Brands by 281.0% in the third quarter. Millennium Management LLC now owns 4,942,319 shares of the company’s stock valued at $8,550,000 after acquiring an additional 3,645,060 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Tilray Brands in the third quarter valued at $5,813,000. Ausdal Financial Partners Inc. bought a new position in Tilray Brands during the 2nd quarter valued at $939,000. Finally, Scientech Research LLC acquired a new position in Tilray Brands during the 3rd quarter worth $1,748,000. Institutional investors and hedge funds own 9.35% of the company’s stock.

About Tilray Brands

Tilray, Inc engages in the research, cultivation, processing, and distribution of medical cannabis. The company offers its products in Argentina, Australia, Canada, Chile, Croatia, Cyprus, the Czech Republic, Germany, New Zealand, and South Africa. Tilray, Inc is headquartered in Canada.