Tilray Brands (TSE:TLRY) Hits New 12-Month Low – Here’s What Happened

Tilray Brands, Inc. (TSE:TLRYGet Free Report)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as C$1.18 and last traded at C$1.18, with a volume of 175553 shares. The stock had previously closed at C$1.21.

Tilray Brands Price Performance

The company has a 50 day moving average price of C$1.67 and a 200-day moving average price of C$2.02. The company has a market cap of C$741.02 million, a price-to-earnings ratio of -2.78 and a beta of 2.19. The company has a quick ratio of 2.16, a current ratio of 2.54 and a debt-to-equity ratio of 10.76.

Tilray Brands Company Profile

(Get Free Report)

Tilray is a Canadian producer that cultivates and sells medical and recreational cannabis. In 2021, legacy Aphria acquired legacy Tilray in a reverse merger and renamed itself Tilray. The bulk of its sales are in Canada and in the international medical cannabis export market. U.S. exposure consists of CBD products through Manitoba Harvest and beer through SweetWater.

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