Cosan (NYSE:CSAN) Shares Gap Down – Here’s What Happened

Cosan S.A. (NYSE:CSAN) shares gapped down before the market opened on Wednesday . The stock had previously closed at $5.85, but opened at $5.64. Cosan shares last traded at $5.58, with a volume of 138,145 shares traded.

Wall Street Analyst Weigh In

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

Cosan Stock Up 1.5 %

The firm has a market cap of $2.54 billion, a PE ratio of 4.19, a PEG ratio of 6.63 and a beta of 1.35. The business’s 50 day moving average price is $7.49 and its 200 day moving average price is $8.90. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.86 and a quick ratio of 1.73.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC lifted its stake in Cosan by 2,736.9% in the 2nd quarter. Signaturefd LLC now owns 11,915 shares of the company’s stock worth $116,000 after purchasing an additional 11,495 shares in the last quarter. Redwood Wealth Management Group LLC purchased a new position in Cosan during the second quarter worth approximately $26,000. Dimensional Fund Advisors LP boosted its stake in Cosan by 339.5% during the second 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. Renaissance Technologies LLC grew its holdings in Cosan by 2.1% in the 2nd quarter. Renaissance Technologies LLC now owns 4,820,882 shares of the company’s stock valued at $46,955,000 after buying an additional 100,700 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Cosan in the 2nd quarter worth $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.