Cronos Group (NASDAQ:CRON) Trading Up 6.8%

Share on StockTwits

Cronos Group Inc (NASDAQ:CRON)’s share price was up 6.8% on Tuesday . The stock traded as high as $5.50 and last traded at $5.47, approximately 5,468,373 shares traded hands during trading. A decline of 39% from the average daily volume of 8,990,094 shares. The stock had previously closed at $5.12.

Several analysts have recently weighed in on CRON shares. BidaskClub upgraded shares of Cronos Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, March 18th. Zacks Investment Research raised shares of Cronos Group from a “hold” rating to a “buy” rating and set a $6.00 target price on the stock in a report on Tuesday, March 17th. ValuEngine raised shares of Cronos Group from a “hold” rating to a “buy” rating in a report on Tuesday, December 3rd. MKM Partners raised shares of Cronos Group from a “neutral” rating to a “buy” rating and reduced their target price for the company from $12.00 to $11.00 in a report on Wednesday, March 4th. Finally, Raymond James set a $12.00 target price on shares of Cronos Group and gave the company an “outperform” rating in a report on Saturday, December 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.78.

The firm has a market cap of $1.79 billion, a P/E ratio of 6.47 and a beta of 3.03. The business’s fifty day simple moving average is $6.23 and its 200-day simple moving average is $7.65.

A number of institutional investors have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Cronos Group in the 4th quarter worth $3,873,000. Geode Capital Management LLC grew its holdings in Cronos Group by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 340,234 shares of the company’s stock worth $2,599,000 after acquiring an additional 10,804 shares during the last quarter. Capital Bank & Trust Co bought a new stake in Cronos Group in the 4th quarter worth $107,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in Cronos Group by 36.2% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 151,574 shares of the company’s stock worth $1,162,000 after acquiring an additional 40,305 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its holdings in Cronos Group by 61.0% in the 4th quarter. Cubist Systematic Strategies LLC now owns 36,963 shares of the company’s stock worth $284,000 after acquiring an additional 14,000 shares during the last quarter. 14.37% of the stock is currently owned by institutional investors and hedge funds.

About Cronos Group (NASDAQ:CRON)

Cronos Group Inc, formerly known as PharmaCan Capital Corp., is a principal investment firm. The firm seeks to invest in companies either licensed, or actively seeking a license, to produce medical marijuana pursuant to Canada's Marihuana for Medical Purposes Regulations ?MMPR?. The firm typically invests in companies based in Canada.

Read More: What are retained earnings?

Receive News & Ratings for Cronos Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cronos Group and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Connor Clark & Lunn Investment Management Ltd. Purchases 23,577 Shares of Veeva Systems Inc
Connor Clark & Lunn Investment Management Ltd. Purchases 23,577 Shares of Veeva Systems Inc
BI Asset Management Fondsmaeglerselskab A S Takes Position in Cerner Co.
BI Asset Management Fondsmaeglerselskab A S Takes Position in Cerner Co.
Envestnet Asset Management Inc. Boosts Position in RadNet Inc.
Envestnet Asset Management Inc. Boosts Position in RadNet Inc.
Cullinan Associates Inc. Has $430,000 Position in Fifth Third Bancorp
Cullinan Associates Inc. Has $430,000 Position in Fifth Third Bancorp
Cubist Systematic Strategies LLC Sells 8,280 Shares of Pure Storage Inc
Cubist Systematic Strategies LLC Sells 8,280 Shares of Pure Storage Inc
Credit Suisse AG Sells 6,113 Shares of Redfin Corp
Credit Suisse AG Sells 6,113 Shares of Redfin Corp


© 2006-2020 Ticker Report