Cronos Group (TSE:CRON) Stock Jumps 0.9% – Still a Buy?

Cronos Group Inc. (TSE:CRON)’s stock price was up 0.9% on Monday. The stock traded as high as C$4.73 and last traded at C$4.65. Approximately 81,386 shares traded hands during trading, a decline of 51% from the average daily volume of 164,575 shares. The stock had previously closed at C$4.61.

Wall Street Analysts Forecast Growth

Separately, TD increased their price objective on Cronos Group from C$5.50 to C$6.00 and gave the company a “buy” rating in a report on Monday, August 10th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$4.92.

Cronos Group Price Performance

The firm has a market capitalization of C$1.71 billion, a price-to-earnings ratio of 24.47, a P/E/G ratio of 0.12 and a beta of 1.30. The company’s 50 day moving average is C$4.48 and its 200-day moving average is C$4.00. The company has a current ratio of 16.18, a quick ratio of 24.01 and a debt-to-equity ratio of 0.12.

Cronos Group (TSE:CRON) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$0.13 earnings per share for the quarter. Cronos Group had a return on equity of 6.46% and a net margin of 38.95%.The firm had revenue of C$75.31 million for the quarter. Equities research analysts anticipate that Cronos Group Inc. will post -0.26 earnings per share for the current 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.