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 Wednesday . The company traded as low as $5.01 and last traded at $5.16, with a volume of 1445275 shares. The stock had previously closed at $5.52.

Wall Street Analyst Weigh In

CSAN has been the subject of several analyst reports. UBS Group upgraded shares of Cosan to a “strong-buy” rating in a research note on Friday, October 25th. Citigroup reiterated a “buy” rating and issued a $19.00 price target on shares of Cosan in a research note on Monday, December 23rd.

Cosan Trading Down 1.1 %

The stock has a 50-day moving average of $6.09 and a 200 day moving average of $8.17. 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 Trading of Cosan

Institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in Cosan by 339.5% during the second quarter. Dimensional Fund Advisors LP now owns 114,002 shares of the company’s stock valued at $1,110,000 after purchasing an additional 88,064 shares in the last quarter. FMR LLC increased its stake in shares of Cosan by 114.3% in the 3rd quarter. FMR LLC now owns 10,829 shares of the company’s stock valued at $104,000 after purchasing an additional 5,775 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Cosan during the 3rd quarter worth $808,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Cosan during the 3rd quarter worth $228,000. Finally, Creative Planning boosted its stake in Cosan by 4.8% in the third quarter. Creative Planning now owns 57,692 shares of the company’s stock valued at $552,000 after buying an additional 2,621 shares in the last quarter.

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.