Cosan (NYSE:CSAN) Reaches New 1-Year Low – Time to Sell?

Cosan S.A. (NYSE:CSAN) shares reached a new 52-week low during trading on Friday . The stock traded as low as $4.97 and last traded at $4.98, with a volume of 816135 shares. The stock had previously closed at $5.38.

Wall Street Analyst Weigh In

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

Cosan Stock Down 7.7 %

The business has a fifty day simple moving average of $5.64 and a two-hundred day simple moving average of $7.82. The company has a current ratio of 1.86, a quick ratio of 1.73 and a debt-to-equity ratio of 1.31.

Institutional Trading of Cosan

A number of institutional investors have recently modified their holdings of CSAN. Blue Trust Inc. lifted its position in Cosan by 217.1% during the third 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 during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Cosan by 181.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,790 shares of the company’s stock valued at $53,000 after purchasing an additional 6,311 shares during the last quarter. US Bancorp DE boosted its position in shares of Cosan by 405.1% in the 3rd quarter. US Bancorp DE now owns 5,793 shares of the company’s stock worth $55,000 after purchasing an additional 4,646 shares in the last quarter. Caprock Group LLC purchased a new position in Cosan during the 4th quarter worth $61,000. Finally, Savant Capital LLC acquired a new position in Cosan during the 4th quarter valued at about $63,000.

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.