Single crystals of , a structurally pseudo-one-dimensional ferromagnetic semiconductor, were grown using a high-temperature solution growth technique and were characterized by x-ray diffraction, anisotropic temperature- and field-dependent magnetization, temperature-dependent resistivity, and optical absorption measurements. A band gap of 0.7 eV was determined from both resistivity and optical measurements. At high temperatures, is paramagnetic and isotropic, with a Curie-Weiss temperature of and an effective moment of /Cr. A ferromagnetic transition occurs at K. The axis, perpendicular to the chains in the structure, is the magnetic easy axis, while the chain axis direction, along , is the hard axis. Magnetic isotherms measured around do not follow the behavior predicted by simple mean-field critical exponents for a second-order phase transition. A tentative set of critical exponents is estimated based on a modified Arrott plot analysis, giving , , and .