Cronos Group (NASDAQ:CRON – Get Rating) issued its earnings results on Tuesday. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01), MarketWatch Earnings reports. Cronos Group had a negative return on equity of 16.44% and a negative net margin of 214.92%. The company had revenue of $25.03 million during the quarter, compared to analyst estimates of $30.66 million. During the same quarter in the previous year, the firm earned ($0.12) earnings per share. The business’s revenue was up 98.5% compared to the same quarter last year.
NASDAQ:CRON traded down $0.10 during trading hours on Wednesday, reaching $3.08. The company’s stock had a trading volume of 169,538 shares, compared to its average volume of 2,264,492. The company has a debt-to-equity ratio of 0.01, a current ratio of 19.86 and a quick ratio of 19.25. The company has a market cap of $1.16 billion, a price-to-earnings ratio of -7.07 and a beta of 1.66. Cronos Group has a one year low of $2.82 and a one year high of $9.42. The business’s 50-day moving average is $3.39 and its 200-day moving average is $3.98.
Several large investors have recently made changes to their positions in CRON. Deutsche Bank AG boosted its stake in shares of Cronos Group by 47.4% during the 4th quarter. Deutsche Bank AG now owns 14,923 shares of the company’s stock worth $58,000 after acquiring an additional 4,799 shares in the last quarter. LPL Financial LLC grew its stake in Cronos Group by 7.5% in the 4th quarter. LPL Financial LLC now owns 123,645 shares of the company’s stock valued at $485,000 after buying an additional 8,577 shares during the last quarter. Cetera Investment Advisers bought a new position in Cronos Group in the 4th quarter worth $50,000. Stifel Financial Corp acquired a new position in Cronos Group during the 4th quarter worth $51,000. Finally, Cubist Systematic Strategies LLC boosted its holdings in Cronos Group by 93.4% during the fourth quarter. Cubist Systematic Strategies LLC now owns 29,900 shares of the company’s stock valued at $117,000 after acquiring an additional 14,437 shares during the period. 13.40% of the stock is owned by institutional investors.
About Cronos Group (Get Rating)
Cronos Group Inc operates as a cannabinoid company. It manufactures, markets, and distributes hemp-derived supplements and cosmetic products through e-commerce, retail, and hospitality partner channels under the Lord Jones and Happy Dance brands in the United States. The company is also involved in the cultivation, manufacture, and marketing of cannabis and cannabis-derived products for the medical and adult-use markets.
- Get a free copy of the StockNews.com research report on Cronos Group (CRON)
- Wendy’s Growth Story Has Come To An End
- Can Six Flags(SIX) or Cedar Fair (FUN) Give Investors a Thrill Later This Year?
- Beyond Meat Could Sizzle After Q1 Results Are Released
- Is Now The Time To Buy Coinbase (NASDAQ: COIN)?
- Inflation Hasn’t Peaked At Reynolds Consumer Products
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.