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

Shares of Cosan S.A. (NYSE:CSAN) reached a new 52-week low on Friday . The company traded as low as $6.23 and last traded at $6.51, with a volume of 948171 shares changing hands. The stock had previously closed at $7.32.

Wall Street Analysts Forecast Growth

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

Cosan Trading Down 7.9 %

The firm’s fifty day moving average price is $8.49 and its two-hundred day moving average price is $9.41. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.79 and a quick ratio of 1.68.

Institutional Trading of Cosan

A number of large investors have recently modified their holdings of CSAN. Creative Planning lifted its position in Cosan by 4.8% during the third quarter. Creative Planning now owns 57,692 shares of the company’s stock valued at $552,000 after purchasing an additional 2,621 shares during the last quarter. Redwood Wealth Management Group LLC purchased a new stake in Cosan during the second quarter valued at about $26,000. Blue Trust Inc. boosted its holdings in shares of Cosan by 217.1% in the 3rd quarter. Blue Trust Inc. now owns 4,468 shares of the company’s stock worth $44,000 after purchasing an additional 3,059 shares in the last quarter. US Bancorp DE increased its position in shares of Cosan by 405.1% during the 3rd quarter. US Bancorp DE now owns 5,793 shares of the company’s stock valued at $55,000 after purchasing an additional 4,646 shares during the last quarter. Finally, FMR LLC lifted its position in Cosan by 114.3% in the 3rd quarter. FMR LLC now owns 10,829 shares of the company’s stock worth $104,000 after buying an additional 5,775 shares during the last quarter.

Cosan Company Profile

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.