Cosan (NYSE:CSAN) Shares Down 4.4% – What’s Next?

Shares of Cosan S.A. (NYSE:CSAN) dropped 4.4% during mid-day trading on Wednesday . The company traded as low as $8.82 and last traded at $8.82. Approximately 475,988 shares were traded during trading, an increase of 16% from the average daily volume of 408,641 shares. The stock had previously closed at $9.23.

Cosan Stock Performance

The company has a debt-to-equity ratio of 1.31, a current ratio of 1.79 and a quick ratio of 1.68. The business has a 50-day simple moving average of $9.54 and a 200-day simple moving average of $10.32. The firm has a market capitalization of $4.14 billion, a PE ratio of 5.84, a P/E/G ratio of 8.41 and a beta of 1.41.

Cosan (NYSE:CSAN) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.09) earnings per share (EPS) for the quarter. The business had revenue of $2.05 billion during the quarter. Equities research analysts expect that Cosan S.A. will post 0.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cosan

Hedge funds and other institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC raised its holdings in shares of Cosan by 2.1% in the second quarter. Renaissance Technologies LLC now owns 4,820,882 shares of the company’s stock worth $46,955,000 after buying an additional 100,700 shares during the period. Signaturefd LLC increased its holdings in Cosan by 2,736.9% during the 2nd quarter. Signaturefd LLC now owns 11,915 shares of the company’s stock worth $116,000 after purchasing an additional 11,495 shares during the period. Herr Investment Group LLC purchased a new position in Cosan during the 2nd quarter worth $2,192,000. Banque Cantonale Vaudoise purchased a new position in Cosan during the 1st quarter worth $1,036,000. Finally, XTX Topco Ltd purchased a new position in Cosan during the 2nd quarter worth $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.