Cronos Group (TSE:CRON) Stock Price Down 0.6% - Should You Sell?

Key Points

• Cronos Group shares fell 0.6% to C$4.66 in Monday trading, with volume about 33% below the average session level.
• Analyst sentiment remains positive: TD raised its price target from C$5.50 to C$6.00 and maintained a “Buy” rating; the stock has an average “Buy” rating and a C$4.92 consensus target.
• The company reported quarterly revenue of C$75.31 million and earnings of C$0.13 per share, alongside a 38.95% net margin, although analysts expect a full-year loss of C$0.26 per share.

Cronos Group Inc. (TSE:CRON - Get Free Report)'s share price was down 0.6% on Monday. The company traded as low as C$4.62 and last traded at C$4.66. 106,484 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 159,142 shares. The stock had previously closed at C$4.69.

Analyst Upgrades and Downgrades

Separately, TD upped their price objective on shares of Cronos Group from C$5.50 to C$6.00 and gave the company a "buy" rating in a research note on Monday, August 10th. Three investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of C$4.92.

Cronos Group Stock Performance

The company has a market capitalization of C$1.72 billion, a PE ratio of 24.53, a P/E/G ratio of 0.12 and a beta of 1.29. The company has a debt-to-equity ratio of 0.12, a quick ratio of 24.01 and a current ratio of 16.18. The stock's 50-day simple moving average is C$4.62 and its 200 day simple moving average is C$3.95.

Cronos Group (TSE:CRON - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$0.13 earnings per share for the quarter. The business had revenue of C$75.31 million during the quarter. Cronos Group had a net margin of 38.95% and a return on equity of 6.46%. As a group, research analysts expect that Cronos Group Inc. will post -0.26 earnings per share for the current fiscal year.

About Cronos Group

Cronos is a global cannabis company focused on scaling leading consumer goods products through research and development and innovation. With a passion to responsibly elevate the consumer experience, Cronos is building an iconic brand portfolio. Cronos diverse international brand portfolio includes Spinach, PEACE NATURALS, LIT and Lord Jones. For more information about Cronos and its brands, please visit: thecronosgroup.com.

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