Cronos Group (NASDAQ:CRON) is set to post its quarterly earnings results before the market opens on Tuesday, November 13th. Analysts expect Cronos Group to post earnings of $0.01 per share for the quarter.
Shares of CRON opened at $8.55 on Friday. The company has a current ratio of 52.98, a quick ratio of 44.71 and a debt-to-equity ratio of 0.02. The company has a market cap of $1.74 billion and a P/E ratio of 855.00. Cronos Group has a 1 year low of $2.52 and a 1 year high of $15.30.
Several equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Cronos Group from a “hold” rating to a “buy” rating and set a $9.25 price objective on the stock in a research note on Tuesday, November 6th. Canaccord Genuity raised shares of Cronos Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 15th. Finally, Cann assumed coverage on shares of Cronos Group in a research note on Friday, October 12th. They set a “sell” rating and a $4.50 price objective on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $6.88.
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Cronos Group Company Profile
Cronos Group Inc, formerly known as PharmaCan Capital Corp., is a principal investment firm. The firm seeks to invest in companies either licensed, or actively seeking a license, to produce medical marijuana pursuant to Canada's Marihuana for Medical Purposes Regulations MMPR. The firm typically invests in companies based in Canada.
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