Cronos Group Inc. (NASDAQ:CRON – Get Free Report)’s share price gapped up before the market opened on Friday . The stock had previously closed at $2.47, but opened at $2.59. Cronos Group shares last traded at $2.47, with a volume of 1,176,800 shares.
Cronos Group Stock Down 3.2 %
The company’s fifty day simple moving average is $1.92 and its 200 day simple moving average is $1.89. The firm has a market capitalization of $910.83 million, a PE ratio of -6.29 and a beta of 1.41.
Cronos Group (NASDAQ:CRON – Get Free Report) last announced its earnings results on Tuesday, August 8th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. Cronos Group had a negative net margin of 172.83% and a negative return on equity of 8.74%. The business had revenue of $19.02 million during the quarter, compared to the consensus estimate of $22.70 million. Equities research analysts forecast that Cronos Group Inc. will post -0.12 EPS for the current year.
Institutional Investors Weigh In On Cronos Group
Cronos Group Company Profile
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 brand 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.
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