Cosan (NYSE:CSAN) Stock Price Down 3.2% – Here’s Why

Shares of Cosan S.A. (NYSE:CSAN) dropped 3.2% during trading on Monday . The stock traded as low as $5.37 and last traded at $5.33. 419,932 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 709,281 shares. The stock had previously closed at $5.50.

Analyst Ratings Changes

Separately, Citigroup restated a “buy” rating and set a $19.00 price target on shares of Cosan in a report on Monday, December 23rd.

Cosan Stock Down 0.1 %

The stock has a 50-day moving average of $5.23 and a 200 day moving average of $6.75. The company has a market capitalization of $2.52 billion, a PE ratio of 4.09, a P/E/G ratio of 3.94 and a beta of 1.33. The company has a quick ratio of 1.73, a current ratio of 1.86 and a debt-to-equity ratio of 1.31.

Institutional Investors Weigh In On Cosan

A number of hedge funds have recently made changes to their positions in CSAN. BNP Paribas Financial Markets bought a new position in Cosan during the fourth quarter valued at about $27,000. Cubist Systematic Strategies LLC purchased a new position in Cosan in the fourth quarter valued at about $41,000. PNC Financial Services Group Inc. increased its stake 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 worth $53,000 after purchasing an additional 6,311 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Cosan in the 3rd quarter worth approximately $97,000. Finally, Invesco Ltd. purchased a new position in Cosan in the fourth quarter valued at approximately $58,000.

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.