Cronos Group (TSE:CRON) Stock Price Up 6.5% – Still a Buy?

Cronos Group Inc. (TSE:CRON) shares traded up 6.5% during mid-day trading on Thursday. The company traded as high as C$5.47 and last traded at C$5.25. 456,041 shares changed hands during mid-day trading, an increase of 183% from the average daily volume of 160,973 shares. The stock had previously closed at C$4.93.

Wall Street Analyst Weigh In

Separately, TD upped their target price 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 equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Cronos Group has an average rating of “Buy” and an average target price of C$4.92.

Cronos Group Stock Performance

The firm has a 50 day simple moving average of C$4.65 and a 200-day simple moving average of C$4.00. The company has a market cap of C$1.88 billion, a price-to-earnings ratio of 26.84, a PEG 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.

Cronos Group (TSE:CRON) last posted its quarterly earnings results on Thursday, November 5th. The company reported C$0.06 earnings per share for the quarter. The company had revenue of C$90.33 million for the quarter. Cronos Group had a return on equity of 6.46% and a net margin of 38.95%. As a group, analysts predict that Cronos Group Inc. will post -0.26 EPS for the current fiscal 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.