Cosan (NYSE:CSAN) Reaches New 12-Month Low – Here’s What Happened

Cosan S.A. (NYSE:CSAN) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $7.80 and last traded at $7.82, with a volume of 122268 shares changing hands. The stock had previously closed at $8.07.

Analyst Upgrades and Downgrades

Separately, UBS Group upgraded shares of Cosan to a “strong-buy” rating in a research note on Friday, October 25th.

Cosan Trading Down 2.5 %

The stock’s 50-day simple moving average is $8.90 and its 200 day simple moving average is $9.71. The company has a current ratio of 1.79, a quick ratio of 1.68 and a debt-to-equity ratio of 1.31.

Cosan (NYSE:CSAN) last issued its earnings results on Wednesday, August 14th. The company reported ($0.09) earnings per share for the quarter. The business had revenue of $2.05 billion for the quarter. As a group, sell-side analysts predict that Cosan S.A. will post -0.33 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Herr Investment Group LLC purchased a new position in shares of Cosan in the 2nd quarter worth approximately $2,192,000. Renaissance Technologies LLC increased its holdings in shares of Cosan by 2.1% during 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 in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Cosan by 339.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 114,002 shares of the company’s stock valued at $1,110,000 after purchasing an additional 88,064 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Cosan during the third quarter worth $808,000. Finally, Creative Planning grew its position in Cosan by 187.1% during the second quarter. Creative Planning now owns 55,071 shares of the company’s stock valued at $536,000 after buying an additional 35,892 shares during the period.

About Cosan

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.