Cosan (NYSE:CSAN) Reaches New 52-Week Low – Time to Sell?

Cosan S.A. (NYSE:CSAN)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $5.30 and last traded at $5.37, with a volume of 2343245 shares. The stock had previously closed at $5.85.

Analyst Ratings Changes

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

Cosan Trading Up 3.1 %

The stock has a market cap of $2.62 billion, a P/E ratio of 4.32, a price-to-earnings-growth ratio of 6.63 and a beta of 1.35. The firm’s 50 day simple moving average is $7.43 and its two-hundred day simple moving average is $8.87. 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

Several institutional investors and hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC grew 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 valued at $46,955,000 after purchasing an additional 100,700 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Cosan by 339.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 114,002 shares of the company’s stock worth $1,110,000 after buying an additional 88,064 shares during the last quarter. Signaturefd LLC increased its position in Cosan by 2,736.9% in the second quarter. Signaturefd LLC now owns 11,915 shares of the company’s stock worth $116,000 after buying an additional 11,495 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Cosan in the third quarter valued at $808,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Cosan during the third quarter valued at $228,000.

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.