Shares of Cronos Group Inc. (NASDAQ:CRON - Get Free Report) traded up 8.8% during trading on Wednesday . The stock traded as high as $2.03 and last traded at $2.05. 775,386 shares traded hands during mid-day trading, a decline of 42% from the average session volume of 1,347,799 shares. The stock had previously closed at $1.88.
Cronos Group Stock Performance
The company has a market capitalization of $738.28 million, a price-to-earnings ratio of -14.85, a P/E/G ratio of 1.81 and a beta of 0.97. The company has a fifty day simple moving average of $1.97 and a two-hundred day simple moving average of $2.12.
Hedge Funds Weigh In On Cronos Group
Several institutional investors have recently added to or reduced their stakes in the business. Barclays PLC acquired a new stake in Cronos Group in the 3rd quarter worth about $97,000. Janney Montgomery Scott LLC lifted its holdings in shares of Cronos Group by 72.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 380,575 shares of the company's stock worth $769,000 after acquiring an additional 159,575 shares during the period. International Assets Investment Management LLC boosted its position in shares of Cronos Group by 119.0% in the third quarter. International Assets Investment Management LLC now owns 41,643 shares of the company's stock worth $91,000 after acquiring an additional 22,628 shares during the last quarter. SeaCrest Wealth Management LLC grew its holdings in Cronos Group by 77.3% in the fourth quarter. SeaCrest Wealth Management LLC now owns 189,245 shares of the company's stock valued at $382,000 after purchasing an additional 82,500 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in Cronos Group during the third quarter worth approximately $140,000. 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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