Cronos Group (TSE:CRON) Issues Quarterly Earnings Results

Cronos Group (TSE:CRON) announced its earnings results on Thursday. The company reported C$0.06 earnings per share for the quarter, FiscalAI reports. Cronos Group had a net margin of 38.95% and a return on equity of 6.46%. The company had revenue of C$90.33 million during the quarter.

Cronos Group Trading Down 2.5%

Shares of TSE CRON traded down C$0.13 during mid-day trading on Friday, hitting C$5.10. The company’s stock had a trading volume of 215,207 shares, compared to its average volume of 162,219. Cronos Group has a one year low of C$3.23 and a one year high of C$5.47. The company’s fifty day simple moving average is C$4.65 and its 200-day simple moving average is C$4.00. 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$1.88 billion, a price-to-earnings ratio of 26.84, a price-to-earnings-growth ratio of 0.12 and a beta of 1.20.

Analyst Upgrades and Downgrades

Separately, TD raised their price target on shares of 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 analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Cronos Group presently 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.