Cosan (NYSE:CSAN) Sets New 52-Week Low – Here’s Why

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

Wall Street Analysts Forecast Growth

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

Cosan Stock Performance

The company has a current ratio of 1.79, a quick ratio of 1.68 and a debt-to-equity ratio of 1.31. The firm’s fifty day moving average is $8.84 and its 200 day moving average is $9.67.

Cosan (NYSE:CSAN) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.09) earnings per share (EPS) for the quarter. The company had revenue of $2.05 billion during the quarter. On average, equities analysts forecast that Cosan S.A. will post -0.33 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC increased its stake in shares of Cosan by 2,736.9% during the second quarter. Signaturefd LLC now owns 11,915 shares of the company’s stock valued at $116,000 after buying an additional 11,495 shares during the period. Redwood Wealth Management Group LLC purchased a new position in Cosan during the 2nd quarter valued at about $26,000. Dimensional Fund Advisors LP raised its holdings 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 in the last quarter. Renaissance Technologies LLC lifted its position in shares of Cosan by 2.1% in the 2nd quarter. Renaissance Technologies LLC now owns 4,820,882 shares of the company’s stock worth $46,955,000 after purchasing an additional 100,700 shares during the period. Finally, XTX Topco Ltd bought a new position in shares of Cosan during the second quarter valued at approximately $115,000.

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.