Cronos Group (TSE:CRON) Announces Quarterly Earnings Results

Cronos Group (TSE:CRON) released its quarterly earnings data on Thursday. The company reported C$0.06 EPS for the quarter, FiscalAI reports. The business had revenue of C$90.33 million for the quarter. Cronos Group had a net margin of 38.95% and a return on equity of 6.46%.

Cronos Group Stock Performance

Shares of CRON traded up C$0.30 during mid-day trading on Thursday, reaching C$5.23. The company had a trading volume of 653,467 shares, compared to its average volume of 161,970. Cronos Group has a 52-week low of C$3.23 and a 52-week high of C$5.47. The company has a quick ratio of 24.01, a current ratio of 16.18 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of C$1.93 billion, a P/E ratio of 27.53, a PEG ratio of 0.12 and a beta of 1.29. The stock has a 50 day moving average of C$4.64 and a two-hundred day moving average of C$3.99.

Analyst Ratings Changes

Separately, TD raised 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 report on Monday, August 10th. Three equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Cronos Group currently has a consensus rating of “Buy” and an average price target of C$4.92.

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.