Cronos Group (TSE:CRON) Shares Up 0.9% – Time to Buy?

Cronos Group Inc. (TSE:CRON) shares rose 0.9% on Monday. The stock traded as high as C$4.73 and last traded at C$4.65. Approximately 81,386 shares were traded during mid-day trading, a decline of 51% from the average session volume of 164,575 shares. The stock had previously closed at C$4.61.

Analysts Set New Price Targets

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

Cronos Group Price Performance

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

Cronos Group (TSE:CRON) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$0.13 earnings per share (EPS) for the quarter. The company had revenue of C$75.31 million during the quarter. Cronos Group had a net margin of 38.95% and a return on equity of 6.46%. Sell-side analysts forecast 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.