Cosan (NYSE:CSAN) Sets New 52-Week Low – Here’s Why

Cosan S.A. (NYSE:CSAN) shares hit a new 52-week low on Friday . The stock traded as low as $8.60 and last traded at $8.61, with a volume of 44145 shares trading hands. The stock had previously closed at $8.90.

Cosan Stock Down 3.1 %

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 company’s 50-day simple moving average is $9.53 and its 200 day simple moving average is $10.30.

Cosan (NYSE:CSAN) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.09) earnings per share (EPS) for the quarter. The company had revenue of $2.05 billion for the quarter. On average, equities research analysts predict that Cosan S.A. will post 0.31 EPS for the current fiscal year.

Institutional Trading of Cosan

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its holdings in Cosan by 2.1% during the second quarter. Renaissance Technologies LLC now owns 4,820,882 shares of the company’s stock valued at $46,955,000 after purchasing an additional 100,700 shares in the last quarter. Signaturefd LLC grew its position 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 during the period. Herr Investment Group LLC acquired a new position in Cosan during the second quarter worth $2,192,000. Banque Cantonale Vaudoise acquired a new stake in shares of Cosan in the 1st quarter valued at $1,036,000. Finally, XTX Topco Ltd acquired a new stake in shares of Cosan during the 2nd quarter worth 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.