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

Cronos Group Inc. (NASDAQ:CRON)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as $1.86 and last traded at $1.88, with a volume of 729943 shares. The stock had previously closed at $1.90.

Cronos Group Stock Down 0.5 %

The stock has a market capitalization of $718.72 million, a P/E ratio of -14.46, a P/E/G ratio of 1.72 and a beta of 0.97. The firm’s 50 day simple moving average is $2.00 and its two-hundred day simple moving average is $2.15.

Institutional Investors Weigh In On Cronos Group

A number of hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its holdings in shares of Cronos Group by 72.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 380,575 shares of the company’s stock worth $769,000 after purchasing an additional 159,575 shares in the last quarter. SeaCrest Wealth Management LLC raised its holdings in Cronos Group by 77.3% during the fourth quarter. SeaCrest Wealth Management LLC now owns 189,245 shares of the company’s stock worth $382,000 after buying an additional 82,500 shares during the last quarter. Tidal Investments LLC raised its holdings in Cronos Group by 4.4% during the third quarter. Tidal Investments LLC now owns 5,026,489 shares of the company’s stock worth $11,008,000 after buying an additional 210,263 shares during the last quarter. Virtu Financial LLC lifted its stake in shares of Cronos Group by 242.7% in the third quarter. Virtu Financial LLC now owns 54,516 shares of the company’s stock valued at $119,000 after buying an additional 38,607 shares in the last quarter. Finally, Barclays PLC acquired a new position in shares of Cronos Group during the third quarter valued at about $97,000. Institutional investors and hedge funds own 8.71% of the company’s stock.

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.