Cronos Group Inc. (NASDAQ:CRON – Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $1.97, but opened at $2.08. Cronos Group shares last traded at $2.33, with a volume of 1,218,479 shares changing hands.
Cronos Group Price Performance
The company has a fifty day moving average price of $2.17 and a 200 day moving average price of $2.36. The stock has a market cap of $864.00 million, a P/E ratio of -14.93 and a beta of 0.98.
Institutional Trading of Cronos Group
A number of institutional investors and hedge funds have recently modified their holdings of CRON. National Bank of Canada FI increased its stake in Cronos Group by 1,094.4% during the second quarter. National Bank of Canada FI now owns 15,169 shares of the company’s stock worth $35,000 after acquiring an additional 13,899 shares during the last quarter. Toronto Dominion Bank increased its position in shares of Cronos Group by 204.8% in the 1st quarter. Toronto Dominion Bank now owns 17,054 shares of the company’s stock valued at $45,000 after acquiring an additional 11,459 shares during the period. Cedar Wealth Management LLC acquired a new stake in Cronos Group during the 1st quarter worth about $60,000. Headlands Technologies LLC raised its stake in shares of Cronos Group by 12,309.4% during the 2nd quarter. Headlands Technologies LLC now owns 27,797 shares of the company’s stock valued at $65,000 after buying an additional 27,573 shares during the last quarter. Finally, Concurrent Investment Advisors LLC purchased a new position in shares of Cronos Group in the 1st quarter valued at about $79,000. Institutional investors own 8.71% of the company’s stock.
Cronos Group Company Profile
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.
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