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Cosan (NYSE:CSAN) Hits New 12-Month Low - Here's What Happened

Cosan logo with Oils/Energy background

Cosan S.A. (NYSE:CSAN - Get Free Report) 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. The stock had previously closed at $8.13.

Analyst Upgrades and Downgrades

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

View Our Latest Stock Report on CSAN

Cosan Price 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 stock's 50-day moving average price is $9.08 and its 200-day moving average price is $9.84.

Cosan (NYSE:CSAN - Get Free Report) last posted 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 for the quarter. As a group, analysts anticipate that Cosan S.A. will post 0.31 earnings per share for the current year.

Institutional Trading of Cosan

Institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC increased its stake in Cosan by 2.1% in 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 during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Cosan by 339.5% in the 2nd 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 raised its holdings in shares of 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 buying an additional 11,495 shares in the last quarter. Herr Investment Group LLC bought a new stake in shares of Cosan during the 2nd quarter worth $2,192,000. Finally, XTX Topco Ltd bought a new position in Cosan in the second quarter valued at about $115,000.

About Cosan

(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.

Further Reading

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