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 changing hands.

Wall Street Analyst Weigh In

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

Cosan Stock Down 3.5 %

The business’s 50-day moving average price is $8.69 and its 200-day moving average price is $9.55. The company has a quick ratio of 1.68, a current ratio of 1.79 and a debt-to-equity ratio of 1.31.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Redwood Wealth Management Group LLC bought a new position in shares of Cosan during the second quarter valued at $26,000. Blue Trust Inc. increased its stake in shares of Cosan by 217.1% in the third quarter. Blue Trust Inc. now owns 4,468 shares of the company’s stock valued at $44,000 after buying an additional 3,059 shares in the last quarter. US Bancorp DE increased its stake in shares of Cosan by 405.1% in the third quarter. US Bancorp DE now owns 5,793 shares of the company’s stock valued at $55,000 after buying an additional 4,646 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Cosan in the third quarter valued at $97,000. Finally, FMR LLC increased its stake in shares of Cosan by 114.3% in the third quarter. FMR LLC now owns 10,829 shares of the company’s stock valued at $104,000 after buying an additional 5,775 shares in the last quarter.

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.