Cronos Group (NASDAQ:CRON) Sets New 12-Month Low – Here’s What Happened

Cronos Group Inc. (NASDAQ:CRON)’s stock price reached a new 52-week low on Monday . The company traded as low as $1.61 and last traded at $1.62, with a volume of 221919 shares changing hands. The stock had previously closed at $1.71.

Cronos Group Trading Down 3.2 %

The stock has a market cap of $633.09 million, a price-to-earnings ratio of -12.81, a PEG ratio of 1.74 and a beta of 1.02. The stock has a 50-day moving average price of $1.91 and a two-hundred day moving average price of $2.01.

Institutional Trading of Cronos Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cannell Capital LLC purchased a new stake in Cronos Group in the fourth quarter valued at approximately $3,323,000. Raymond James Financial Inc. purchased a new position in shares of Cronos Group during the fourth quarter worth $641,000. Tidal Investments LLC lifted its position in Cronos Group by 4.4% during the third quarter. Tidal Investments LLC now owns 5,026,489 shares of the company’s stock valued at $11,008,000 after purchasing an additional 210,263 shares during the period. Millennium Management LLC boosted its holdings in Cronos Group by 23.7% in the fourth quarter. Millennium Management LLC now owns 840,374 shares of the company’s stock valued at $1,698,000 after purchasing an additional 161,163 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in Cronos Group by 72.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 380,575 shares of the company’s stock worth $769,000 after purchasing an additional 159,575 shares during the period. Institutional investors and hedge funds own 8.71% of the company’s stock.

About Cronos Group

Cronos Group Inc operates as a cannabinoid company that engages in the cultivation, production and marketing of cannabis products in Canada, Israel, and Germany. It offers dried flower, pre-rolls, oils, vaporizers, edibles, and cannabis tinctures under the Spinach, Lord Jones, and PEACE NATURALS brands.