Cosan (NYSE:CSAN) Hits New 1-Year Low – Here’s What Happened

Shares of Cosan S.A. (NYSE:CSAN) reached a new 52-week low during trading on Wednesday . The company traded as low as $8.01 and last traded at $8.02, with a volume of 235212 shares trading hands. The stock had previously closed at $8.16.

Cosan Price Performance

The firm has a market capitalization of $3.81 billion, a PE ratio of 5.10, a price-to-earnings-growth ratio of 8.42 and a beta of 1.41. The stock’s 50 day simple moving average is $9.37 and its two-hundred day simple moving average is $10.03. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.68 and a current ratio of 1.79.

Cosan (NYSE:CSAN) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.09) EPS for the quarter. The company had revenue of $2.05 billion during the quarter. On average, sell-side analysts forecast that Cosan S.A. will post 0.31 EPS for the current year.

Institutional Investors Weigh In On Cosan

Hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its holdings in Cosan by 2.1% in the 2nd quarter. Renaissance Technologies LLC now owns 4,820,882 shares of the company’s stock valued at $46,955,000 after purchasing an additional 100,700 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Cosan by 339.5% in the second quarter. Dimensional Fund Advisors LP now owns 114,002 shares of the company’s stock valued at $1,110,000 after acquiring an additional 88,064 shares during the last quarter. Signaturefd LLC grew its position in Cosan by 2,736.9% in the second quarter. Signaturefd LLC now owns 11,915 shares of the company’s stock worth $116,000 after acquiring an additional 11,495 shares during the period. Herr Investment Group LLC acquired a new stake in Cosan during the second quarter worth $2,192,000. Finally, XTX Topco Ltd purchased a new stake in Cosan in the second quarter valued at $115,000.

Cosan Company Profile

Cosan SA engages in the fuel distribution business. It operates through Raízen, Compass, Moove, Rumo, and Radar segments. The company’s Raízen segment engages in the production, commercialization, origination, and trading of ethanol, bioenergy, renewable sources, and sugar; trading and resale of electricity; and distribution and commercialization of fuels and lubricants.