Cosan (NYSE:CSAN) Reaches New 12-Month Low – Here’s Why

Cosan S.A. (NYSE:CSAN)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $8.01 and last traded at $8.02, with a volume of 235212 shares traded. The stock had previously closed at $8.16.

Cosan Stock Down 0.8 %

The stock has a fifty day simple moving average of $9.30 and a two-hundred day simple moving average of $10.00. The firm has a market cap of $3.83 billion, a PE ratio of 5.24, a price-to-earnings-growth ratio of 8.42 and a beta of 1.41. The company has a current ratio of 1.79, a quick ratio of 1.68 and a debt-to-equity ratio of 1.31.

Cosan (NYSE:CSAN) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.09) earnings per share (EPS) for the quarter. The firm had revenue of $2.05 billion during the quarter. As a group, sell-side analysts expect that Cosan S.A. will post 0.31 EPS for the current fiscal year.

Institutional Trading of Cosan

Hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC boosted its stake in shares of Cosan by 2,736.9% during the second quarter. Signaturefd LLC now owns 11,915 shares of the company’s stock valued at $116,000 after purchasing an additional 11,495 shares during the period. Redwood Wealth Management Group LLC bought a new stake in Cosan in the 2nd quarter worth $26,000. Dimensional Fund Advisors LP grew its holdings in Cosan by 339.5% in the 2nd 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 increased its position in shares of 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 period. Finally, XTX Topco Ltd bought a new position in shares of Cosan during the second quarter valued at about $115,000.

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.