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

Cosan S.A. Sponsored ADR (NYSE:CSAN) shares hit a new 52-week low on Wednesday . The company traded as low as $3.25 and last traded at $3.2650, with a volume of 2997864 shares traded. The stock had previously closed at $3.53.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Cosan in a report on Wednesday, January 21st. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $4.75.

Cosan Stock Performance

The company has a debt-to-equity ratio of 2.01, a current ratio of 1.80 and a quick ratio of 1.65. The stock’s 50-day simple moving average is $4.09 and its 200 day simple moving average is $4.37. The stock has a market capitalization of $3.24 billion, a P/E ratio of -1.33 and a beta of 0.82.

Cosan (NYSE:CSAN) last released its quarterly earnings data on Saturday, February 14th. The company reported ($1.61) EPS for the quarter. Cosan had a negative return on equity of 13.94% and a negative net margin of 32.24%.The company had revenue of $1.74 billion for the quarter.

Institutional Trading of Cosan

Several hedge funds have recently added to or reduced their stakes in CSAN. Royal Bank of Canada lifted its holdings in Cosan by 3,266.6% during the 1st quarter. Royal Bank of Canada now owns 12,389 shares of the company’s stock worth $51,000 after purchasing an additional 12,021 shares during the last quarter. Barometer Capital Management Inc. lifted its holdings in Cosan by 1,839.0% during the 1st quarter. Barometer Capital Management Inc. now owns 171,600 shares of the company’s stock worth $707,000 after purchasing an additional 162,750 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its holdings in Cosan by 115.3% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 176,680 shares of the company’s stock worth $728,000 after purchasing an additional 94,605 shares during the last quarter. SmartHarvest Portfolios LLC bought a new stake in shares of Cosan in the first quarter valued at about $46,000. Finally, Blue Trust Inc. boosted its position in shares of Cosan by 12,141.9% in the first quarter. Blue Trust Inc. now owns 12,854 shares of the company’s stock valued at $53,000 after acquiring an additional 12,749 shares during the period.

About Cosan

Cosan Limited (NYSE: CSAN) is a Brazilian diversified energy and logistics group focused on agribusiness, fuels, and infrastructure. Its core activities include the cultivation of sugarcane, production of ethanol and sugar, generation of bioelectricity from bagasse, and distribution of fuels under the Raízen joint venture with Shell. Through its subsidiary Moove, Cosan is a leading global producer of base oils and lubricants, while Comgás serves as one of Brazil’s largest natural gas distributors.

Founded in 1936 in the state of São Paulo, Cosan has grown through organic expansion and strategic acquisitions.