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 changing hands. The stock had previously closed at $1.87.

Cronos Group Stock Up 1.9 %

The stock has a market cap of $728.27 million, a P/E ratio of -14.65 and a beta of 0.99. The business’s 50-day simple moving average is $2.09 and its two-hundred day simple moving average is $2.23.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp bought a new stake in Cronos Group during the 2nd quarter worth approximately $3,237,000. International Assets Investment Management LLC boosted its stake in Cronos Group by 119.0% during the third quarter. International Assets Investment Management LLC now owns 41,643 shares of the company’s stock valued at $91,000 after buying an additional 22,628 shares during the period. National Bank of Canada FI grew its position 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 buying an additional 13,899 shares in the last quarter. Headlands Technologies LLC increased its stake in Cronos Group by 12,309.4% in the 2nd quarter. Headlands Technologies LLC now owns 27,797 shares of the company’s stock worth $65,000 after acquiring an additional 27,573 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Cronos Group by 37.9% in the 2nd quarter. Renaissance Technologies LLC now owns 464,949 shares of the company’s stock valued at $1,083,000 after acquiring an additional 127,753 shares in the last quarter. Institutional investors 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.