Tilray Brands (TSE:TLRY) Stock Price Down 4.2% - Here's Why

Tilray Brands, Inc. (TSE:TLRY - Get Free Report) shares were down 4.2% on Tuesday . The stock traded as low as C$0.90 and last traded at C$0.91. Approximately 359,155 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 1,586,752 shares. The stock had previously closed at C$0.95.Get Tilray Brands alerts:Tilray Brands Stock PerformanceTilray’s Q3 Earnings Reveal Growth Despite ChallengesThe company has a debt-to-equity ratio of 10.76, a quick ratio of 2.16 and a current ratio of 2.54. The stock's 50-day simple moving average is C$1.50 and its two-hundred day simple moving average is C$1.91. The stock has a market cap of C$554.16 million, a price-to-earnings ratio of -2.08 and a beta of 2.19. 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.Featured ArticlesFive stocks we like better than Tilray Brands5 Top Rated Dividend Stocks to ConsiderOracle Stock: 5 Reasons This AI Powerhouse Is a Long-Term BuyHow to Read Stock Charts for BeginnersU.S. Stocks Sink, Foreign Markets Soar: 3 ETFs to Ride the WaveHow Can Retail Investors Trade the Toronto Stock Exchange (TSX)?Joby Aviation: From Prototype to ProfitabilityCannabis: One Stock to Play the MovementThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Tilray Brands Right Now?Before you consider Tilray Brands, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tilray Brands wasn't on the list.While Tilray Brands currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here