Cronos Group (TSE:CRON) Stock Price Up 6.5% – Still a Buy?

Shares of Cronos Group Inc. (TSE:CRON) rose 6.5% on Thursday. The stock traded as high as C$5.47 and last traded at C$5.25. 456,041 shares were traded during mid-day trading, an increase of 183% from the average daily volume of 160,973 shares. The stock had previously closed at C$4.93.

Analyst Ratings Changes

Separately, TD increased their target price on 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 analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Cronos Group has an average rating of “Buy” and an average target price of C$4.92.

Cronos Group Trading Up 6.1%

The company has a market cap of C$1.93 billion, a P/E ratio of 27.53, a P/E/G ratio of 0.12 and a beta of 1.29. The business has a fifty day simple moving average of C$4.64 and a 200 day simple moving average of C$3.99. The company has a debt-to-equity ratio of 0.12, a quick ratio of 24.01 and a current ratio of 16.18.

Cronos Group (TSE:CRON) last issued its quarterly earnings results on Thursday, November 5th. The company reported C$0.06 earnings per share for the quarter. The business had revenue of C$90.33 million during the quarter. Cronos Group had a return on equity of 6.46% and a net margin of 38.95%. Analysts anticipate 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.