Tilray Brands (TSE:TLRY) Shares Down 12.6% – Time to Sell?

Tilray Brands, Inc. (TSE:TLRY) dropped 12.6% during mid-day trading on Thursday . The company traded as low as C$9.35 and last traded at C$9.46. Approximately 2,397,942 shares traded hands during trading, an increase of 330% from the average daily volume of 557,280 shares. The stock had previously closed at C$10.82.

Analyst Ratings Changes

Separately, Canaccord Genuity Group set a C$13.00 target price on shares of Tilray Brands and gave the company a “hold” rating in a research report on Tuesday, January 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold” and an average price target of C$13.30.

Tilray Brands Stock Performance

The business’s 50-day simple moving average is C$9.66 and its two-hundred day simple moving average is C$13.19. The firm has a market cap of C$1.10 billion, a price-to-earnings ratio of -0.65 and a beta of 3.04. The company has a quick ratio of 2.16, a current ratio of 2.79 and a debt-to-equity ratio of 20.36.

About Tilray Brands

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.