Cronos Group Inc. (NASDAQ:CRON - Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 2,943,632 shares traded hands during trading, an increase of 122% from the previous session's volume of 1,323,948 shares.The stock last traded at $1.97 and had previously closed at $1.91.
Cronos Group Price Performance
The firm has a market capitalization of $755.94 million, a price-to-earnings ratio of -15.08, a PEG ratio of 1.74 and a beta of 1.04. The business's fifty day simple moving average is $1.88 and its 200 day simple moving average is $1.93.
Cronos Group (NASDAQ:CRON - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. The company had revenue of $33.62 million during the quarter, compared to the consensus estimate of $45.44 million. Cronos Group had a negative return on equity of 2.56% and a negative net margin of 42.65%. Equities research analysts expect that Cronos Group Inc. will post -0.03 earnings per share for the current fiscal year.
Institutional Trading of Cronos Group
Several large investors have recently made changes to their positions in the company. Formidable Asset Management LLC grew its stake in shares of Cronos Group by 2.1% in the 4th quarter. Formidable Asset Management LLC now owns 278,398 shares of the company's stock valued at $562,000 after buying an additional 5,637 shares during the period. Jones Financial Companies Lllp grew its position in Cronos Group by 64.5% in the 4th quarter. Jones Financial Companies Lllp now owns 16,623 shares of the company's stock valued at $34,000 after purchasing an additional 6,520 shares during the period. Tower Research Capital LLC TRC grew its position in Cronos Group by 140.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 13,726 shares of the company's stock valued at $28,000 after purchasing an additional 8,019 shares during the period. Kerrisdale Advisers LLC grew its position in Cronos Group by 2.3% in the 4th quarter. Kerrisdale Advisers LLC now owns 468,786 shares of the company's stock valued at $947,000 after purchasing an additional 10,539 shares during the period. Finally, Thompson Davis & CO. Inc. acquired a new stake in Cronos Group in the 4th quarter valued at $29,000. 8.71% of the stock is currently owned by institutional investors and hedge funds.
About Cronos Group
(
Get Free Report)
Cronos Group Inc operates as a cannabinoid company that engages in the cultivation, production and marketing of cannabis products in Canada, Israel, and Germany. It offers dried flower, pre-rolls, oils, vaporizers, edibles, and cannabis tinctures under the Spinach, Lord Jones, and PEACE NATURALS brands.
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