Cosan (NYSE:CSAN) Sets New 1-Year Low - Here's What Happened

Shares of Cosan S.A. (NYSE:CSAN - Get Free Report) hit a new 52-week low on Thursday . The company traded as low as $5.30 and last traded at $5.37, with a volume of 2343245 shares changing hands. The stock had previously closed at $5.85.

Wall Street Analysts Forecast Growth

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

Cosan Stock Up 1.5 %

The firm has a 50-day simple moving average of $7.49 and a 200 day simple moving average of $8.90. The company has a market capitalization of $2.54 billion, a PE ratio of 4.19, a price-to-earnings-growth ratio of 6.63 and a beta of 1.35. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.86 and a quick ratio of 1.73.

Hedge Funds Weigh In On Cosan

Institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC grew its stake in shares of Cosan by 2.1% during the second quarter. Renaissance Technologies LLC now owns 4,820,882 shares of the company's stock valued at $46,955,000 after acquiring an additional 100,700 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Cosan by 339.5% in the second 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 during the last quarter. Signaturefd LLC grew its stake in Cosan by 2,736.9% during the 2nd quarter. Signaturefd LLC now owns 11,915 shares of the company's stock valued at $116,000 after purchasing an additional 11,495 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Cosan during the 3rd quarter worth approximately $808,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Cosan in the 3rd quarter valued at approximately $228,000.

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.