Cosan (NYSE:CSAN) Trading Down 7.5% – Should You Sell?

by · The Markets Daily

Cosan S.A. (NYSE:CSAN – Get Free Report)’s share price dropped 7.5% during mid-day trading on Tuesday . The stock traded as low as $5.10 and last traded at $5.11. Approximately 300,749 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 1,021,538 shares. The stock had previously closed at $5.52.

Analyst Ratings Changes

A number of brokerages have recently commented on CSAN. Citigroup reiterated a “buy” rating and set a $19.00 price objective on shares of Cosan in a research report on Monday, December 23rd. UBS Group raised Cosan to a “strong-buy” rating in a report on Friday, October 25th.

Get Our Latest Stock Report on CSAN

Cosan Trading Down 6.8 %

The company has a quick ratio of 1.73, a current ratio of 1.86 and a debt-to-equity ratio of 1.31. The firm’s 50-day moving average price is $6.25 and its two-hundred day moving average price is $8.25.

Institutional Trading of Cosan

Several large investors have recently added to or reduced their stakes in CSAN. Creative Planning increased its holdings in shares of Cosan by 4.8% in the 3rd quarter. Creative Planning now owns 57,692 shares of the company’s stock valued at $552,000 after purchasing an additional 2,621 shares during the period. Blue Trust Inc. grew its holdings in shares of Cosan by 217.1% during the 3rd quarter. Blue Trust Inc. now owns 4,468 shares of the company’s stock valued at $44,000 after acquiring an additional 3,059 shares in the last quarter. US Bancorp DE increased its stake in shares of Cosan by 405.1% in the third quarter. US Bancorp DE now owns 5,793 shares of the company’s stock worth $55,000 after acquiring an additional 4,646 shares during the last quarter. FMR LLC raised its holdings in shares of Cosan by 114.3% during the third quarter. FMR LLC now owns 10,829 shares of the company’s stock worth $104,000 after acquiring an additional 5,775 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in Cosan in the 3rd quarter worth about $97,000.

Cosan Company Profile

(Get Free Report)

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.

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