Cronos Group Inc. (NASDAQ:CRON - Get Free Report)'s share price was up 7.8% during mid-day trading on Thursday . The stock traded as high as $2.00 and last traded at $2.00. Approximately 1,626,609 shares traded hands during mid-day trading, a decline of 6% from the average daily volume of 1,730,593 shares. The stock had previously closed at $1.85.
Cronos Group Trading Down 3.9 %
The company has a market capitalization of $753.59 million, a PE ratio of -15.15, a PEG ratio of 1.74 and a beta of 0.97. The firm's 50-day simple moving average is $1.97 and its 200-day simple moving average is $2.08.
Institutional Investors Weigh In On Cronos Group
Several large investors have recently added to or reduced their stakes in the stock. Formidable Asset Management LLC boosted its position in 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 lifted its position in shares of Cronos Group by 64.5% in the 4th quarter. Jones Financial Companies Lllp now owns 16,623 shares of the company's stock worth $34,000 after purchasing an additional 6,520 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Cronos Group by 140.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 13,726 shares of the company's stock worth $28,000 after purchasing an additional 8,019 shares during the period. Kerrisdale Advisers LLC lifted its position in shares of Cronos Group by 2.3% in the 4th quarter. Kerrisdale Advisers LLC now owns 468,786 shares of the company's stock worth $947,000 after purchasing an additional 10,539 shares during the period. Finally, Thompson Davis & CO. Inc. purchased a new stake in shares of Cronos Group in the 4th quarter worth approximately $29,000. 8.71% of the stock is owned by hedge funds and other institutional investors.
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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