Cronos Group (NASDAQ:CRON) Hits New 12-Month Low – Time to Sell?

Cronos Group Inc. (NASDAQ:CRON)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $1.78 and last traded at $1.82, with a volume of 2332484 shares traded. The stock had previously closed at $1.82.

Cronos Group Trading Up 2.0 %

The firm’s 50 day moving average is $1.94 and its two-hundred day moving average is $2.04. The stock has a market cap of $698.12 million, a price-to-earnings ratio of -14.12, a P/E/G ratio of 1.74 and a beta of 0.89.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CRON. Formidable Asset Management LLC increased its position in Cronos Group by 2.1% during 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 in the last quarter. Jones Financial Companies Lllp boosted its holdings in Cronos Group by 64.5% in the 4th quarter. Jones Financial Companies Lllp now owns 16,623 shares of the company’s stock worth $34,000 after acquiring an additional 6,520 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Cronos Group by 140.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 13,726 shares of the company’s stock worth $28,000 after acquiring an additional 8,019 shares during the period. Kerrisdale Advisers LLC boosted its holdings in 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. purchased a new position in Cronos Group in the 4th quarter worth approximately $29,000. Institutional investors and hedge funds 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.