Tilray Brands (TSE:TLRY) Reaches New 52-Week Low – Time to Sell?

Tilray Brands, Inc. (TSE:TLRYGet Free Report) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$1.29 and last traded at C$1.31, with a volume of 647955 shares traded. The stock had previously closed at C$1.32.

Tilray Brands Trading Down 1.6 %

The company has a quick ratio of 2.16, a current ratio of 2.54 and a debt-to-equity ratio of 10.76. The firm has a market capitalization of C$792.57 million, a price-to-earnings ratio of -2.97 and a beta of 2.19. The business has a 50-day moving average of C$1.70 and a two-hundred day moving average of C$2.05.

Tilray Brands Company Profile

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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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