Cosan (NYSE:CSAN) Shares Gap Down – Time to Sell?

Cosan S.A. (NYSE:CSAN) gapped down prior to trading on Thursday . The stock had previously closed at $7.61, but opened at $7.36. Cosan shares last traded at $7.36, with a volume of 73,091 shares trading hands.

Analyst Upgrades and Downgrades

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

Cosan Stock Down 3.5 %

The business’s fifty day moving average price is $8.69 and its 200 day moving average price is $9.55. The company has a current ratio of 1.79, a quick ratio of 1.68 and a debt-to-equity ratio of 1.31.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Signaturefd LLC raised its holdings in Cosan by 2,736.9% in the second quarter. Signaturefd LLC now owns 11,915 shares of the company’s stock valued at $116,000 after acquiring an additional 11,495 shares in the last quarter. Redwood Wealth Management Group LLC acquired a new stake in shares of Cosan during the second quarter worth $26,000. Dimensional Fund Advisors LP raised its holdings in shares of Cosan by 339.5% during the second quarter. Dimensional Fund Advisors LP now owns 114,002 shares of the company’s stock worth $1,110,000 after purchasing an additional 88,064 shares during the period. Renaissance Technologies LLC raised its holdings 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 worth $46,955,000 after purchasing an additional 100,700 shares during the period. Finally, XTX Topco Ltd bought a new position in shares of Cosan during the second quarter worth about $115,000.

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.