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

Cronos Group Inc. (TSE:CRON) shot up 0.9% during mid-day trading on Monday. The stock traded as high as C$4.73 and last traded at C$4.65. 81,386 shares traded hands during 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 lifted their target price 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 equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$4.92.

Cronos Group Trading Up 0.2%

The stock has a market capitalization of C$1.72 billion, a PE ratio of 24.53, a PEG ratio of 0.12 and a beta of 1.29. The company has a current ratio of 16.18, a quick ratio of 24.01 and a debt-to-equity ratio of 0.12. The business’s 50-day moving average is C$4.49 and its two-hundred day moving average is C$4.01.

Cronos Group (TSE:CRON) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$0.13 EPS for the quarter. Cronos Group had a return on equity of 6.46% and a net margin of 38.95%.The company had revenue of C$75.31 million for the quarter. On average, analysts predict 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.