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

Cronos Group Inc. (NASDAQ:CRON) reached a new 52-week low during trading on Friday . The stock traded as low as $1.86 and last traded at $1.88, with a volume of 67250 shares traded. The stock had previously closed at $1.87.

Cronos Group Stock Up 4.3 %

The firm’s 50 day simple moving average is $2.08 and its 200 day simple moving average is $2.22. The company has a market cap of $745.48 million, a price-to-earnings ratio of -15.00 and a beta of 0.99.

Institutional Trading of Cronos Group

Several large investors have recently added to or reduced their stakes in the business. Tidal Investments LLC boosted its position in Cronos Group by 4.4% during the 3rd quarter. Tidal Investments LLC now owns 5,026,489 shares of the company’s stock worth $11,008,000 after acquiring an additional 210,263 shares during the period. Virtu Financial LLC raised its stake in shares of Cronos Group by 242.7% during the third quarter. Virtu Financial LLC now owns 54,516 shares of the company’s stock valued at $119,000 after purchasing an additional 38,607 shares in the last quarter. Barclays PLC acquired a new stake in Cronos Group in the third quarter worth about $97,000. Public Employees Retirement System of Ohio bought a new position in Cronos Group in the 3rd quarter valued at about $140,000. Finally, Quantbot Technologies LP bought a new position in Cronos Group in the 3rd quarter valued at about $37,000. 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.