Cronos Group (TSE:CRON) Issues Earnings Results

Cronos Group (TSE:CRON) announced its quarterly earnings results on Thursday. The company reported C$0.06 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$90.33 million during the quarter. Cronos Group had a net margin of 38.95% and a return on equity of 6.46%.

Cronos Group Price Performance

Cronos Group stock opened at C$5.23 on Friday. The stock’s 50 day moving average is C$4.65 and its 200 day moving average is C$4.00. Cronos Group has a one year low of C$3.23 and a one year high of C$5.47. The firm 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 1.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 16.18 and a quick ratio of 24.01.

Analyst Upgrades and Downgrades

Separately, TD boosted their price objective on shares of Cronos Group from C$5.50 to C$6.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Three analysts have rated the stock with a Buy rating. According to MarketBeat, Cronos Group has a consensus rating of “Buy” and a consensus target price of C$4.92.

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.