Cosan (NYSE:CSAN) Sets New 1-Year Low – Time to Sell?

Cosan S.A. (NYSE:CSAN) shares hit a new 52-week low on Friday . The company traded as low as $7.95 and last traded at $7.96, with a volume of 141558 shares changing hands. The stock had previously closed at $8.13.

Analysts Set New Price Targets

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

Cosan Trading Down 3.9 %

The stock’s fifty day moving average price is $9.08 and its two-hundred day moving average price is $9.84. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.79 and a quick ratio of 1.68.

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

Institutional Trading of Cosan

Hedge funds and other institutional investors have recently made changes to their positions in the company. Signaturefd LLC raised its position in Cosan by 2,736.9% during 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 last quarter. Redwood Wealth Management Group LLC acquired a new position in Cosan during the second quarter worth about $26,000. Dimensional Fund Advisors LP raised its position in Cosan by 339.5% during the second quarter. Dimensional Fund Advisors LP now owns 114,002 shares of the company’s stock worth $1,110,000 after acquiring an additional 88,064 shares during the last quarter. Renaissance Technologies LLC raised its position in Cosan by 2.1% during the second quarter. Renaissance Technologies LLC now owns 4,820,882 shares of the company’s stock worth $46,955,000 after acquiring an additional 100,700 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in Cosan during the second quarter worth about $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.