Cosan (NYSE:CSAN) Sets New 12-Month Low – Should You Sell?

Shares of Cosan S.A. (NYSE:CSAN) reached a new 52-week low during trading on Monday . The stock traded as low as $4.95 and last traded at $4.97, with a volume of 406297 shares changing hands. The stock had previously closed at $5.14.

Analyst Ratings Changes

Separately, Citigroup restated a “buy” rating and set a $19.00 price objective on shares of Cosan in a research report on Monday, December 23rd.

Cosan Trading Down 5.4 %

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 stock has a 50-day simple moving average of $5.40 and a 200-day simple moving average of $7.48.

Institutional Investors Weigh In On Cosan

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets acquired a new stake in Cosan in the fourth quarter valued at approximately $27,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Cosan during the 4th quarter valued at $41,000. Blue Trust Inc. grew its position in Cosan by 217.1% during the 3rd quarter. Blue Trust Inc. now owns 4,468 shares of the company’s stock worth $44,000 after acquiring an additional 3,059 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Cosan by 181.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,790 shares of the company’s stock worth $53,000 after purchasing an additional 6,311 shares in the last quarter. Finally, US Bancorp DE raised its position in Cosan by 405.1% in the third 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.

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.