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

Cosan S.A. (NYSE:CSAN)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock 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.

Wall Street Analyst Weigh In

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

Cosan Stock Performance

The company has a debt-to-equity ratio of 1.31, a current ratio of 1.86 and a quick ratio of 1.73. The company has a market cap of $2.51 billion, a PE ratio of 13.43, a price-to-earnings-growth ratio of 6.63 and a beta of 1.35. The business has a fifty day simple moving average of $7.56 and a two-hundred day simple moving average of $8.93.

Hedge Funds Weigh In On Cosan

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC boosted its holdings in shares of Cosan by 2,736.9% in the 2nd quarter. Signaturefd LLC now owns 11,915 shares of the company’s stock valued at $116,000 after buying an additional 11,495 shares in the last quarter. Redwood Wealth Management Group LLC acquired a new stake in Cosan in the second quarter valued at approximately $26,000. Dimensional Fund Advisors LP grew its holdings in Cosan by 339.5% in the second quarter. Dimensional Fund Advisors LP now owns 114,002 shares of the company’s stock worth $1,110,000 after purchasing an additional 88,064 shares during the last quarter. Renaissance Technologies LLC increased its position 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 worth $46,955,000 after purchasing an additional 100,700 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Cosan during the 2nd quarter valued at $115,000.

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.