Cronos Group (NASDAQ:CRON) Sets New 1-Year Low – Here’s Why

Cronos Group Inc. (NASDAQ:CRON)’s stock price hit a new 52-week low on Monday . The company traded as low as $1.72 and last traded at $1.78, with a volume of 205587 shares. The stock had previously closed at $1.79.

Cronos Group Trading Up 0.3 %

The stock’s 50-day moving average price is $1.92 and its 200-day moving average price is $2.03. The company has a market capitalization of $686.64 million, a P/E ratio of -13.81, a P/E/G ratio of 1.74 and a beta of 0.89.

Hedge Funds Weigh In On Cronos Group

A number of hedge funds and other institutional investors have recently bought and sold shares of CRON. Formidable Asset Management LLC lifted its holdings in shares of Cronos Group by 2.1% in the 4th quarter. Formidable Asset Management LLC now owns 278,398 shares of the company’s stock worth $562,000 after purchasing an additional 5,637 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Cronos Group by 64.5% in the fourth quarter. Jones Financial Companies Lllp now owns 16,623 shares of the company’s stock valued at $34,000 after buying an additional 6,520 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Cronos Group by 140.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 13,726 shares of the company’s stock valued at $28,000 after acquiring an additional 8,019 shares during the period. Kerrisdale Advisers LLC increased its holdings in shares of Cronos Group by 2.3% in the 4th quarter. Kerrisdale Advisers LLC now owns 468,786 shares of the company’s stock worth $947,000 after acquiring an additional 10,539 shares during the period. Finally, Thompson Davis & CO. Inc. bought a new stake in Cronos Group in the 4th quarter valued at about $29,000. 8.71% of the stock is currently owned by institutional investors and hedge funds.

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.