Cronos Group (TSE:CRON) Trading 9% Higher

Cronos Group Inc. (TSE:CRON) shares traded up 9% during trading on Thursday . The stock traded as high as C$3.94 and last traded at C$3.89. 150,478 shares were traded during trading, a decline of 32% from the average session volume of 220,035 shares. The stock had previously closed at C$3.57.

Analyst Ratings Changes

Separately, Sanford C. Bernstein dropped their price target on shares of Cronos Group from C$2.84 to C$2.82 and set a “market perform” rating for the company in a research report on Tuesday, January 30th.

Cronos Group Stock Performance

The stock has a 50 day moving average of C$3.31 and a 200 day moving average of C$2.94. The company has a quick ratio of 24.01, a current ratio of 22.54 and a debt-to-equity ratio of 0.23. The firm has a market cap of C$1.49 billion, a price-to-earnings ratio of -15.32, a P/E/G ratio of 0.12 and a beta of 1.12.

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.