Cosan (NYSE:CSAN) Shares Gap Up – What’s Next?

Cosan S.A. (NYSE:CSAN) gapped up before the market opened on Friday . The stock had previously closed at $7.78, but opened at $8.05. Cosan shares last traded at $8.09, with a volume of 54,642 shares traded.

Wall Street Analysts Forecast Growth

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

Cosan Stock Up 1.0 %

The company’s fifty day moving average price is $8.77 and its two-hundred day moving average price is $9.63. The company has a quick ratio of 1.68, a current ratio of 1.79 and a debt-to-equity ratio of 1.31.

Cosan (NYSE:CSAN) last posted 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 for the quarter. As a group, equities research analysts predict that Cosan S.A. will post -0.33 EPS for the current fiscal year.

Institutional Trading of Cosan

A number of institutional investors have recently modified their holdings of CSAN. Itau Unibanco Holding S.A. raised its holdings in shares of Cosan by 142,193.8% in the third quarter. Itau Unibanco Holding S.A. now owns 1,132,659 shares of the company’s stock valued at $10,828,000 after purchasing an additional 1,131,863 shares during the last quarter. Centiva Capital LP bought a new position in Cosan in the third quarter valued at $286,000. FMR LLC increased its stake in Cosan by 114.3% in the 3rd quarter. FMR LLC now owns 10,829 shares of the company’s stock valued at $104,000 after buying an additional 5,775 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Cosan in the 3rd quarter valued at $97,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Cosan during the 3rd quarter worth about $228,000.

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.