Cosan (NYSE:CSAN) Sees Strong Trading Volume – Should You Buy?

Shares of Cosan S.A. (NYSE:CSAN) saw strong trading volume on Wednesday . 1,481,057 shares were traded during mid-day trading, an increase of 218% from the previous session’s volume of 466,083 shares.The stock last traded at $6.56 and had previously closed at $6.35.

Analysts Set New Price Targets

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

Cosan Price 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 50-day simple moving average of $7.84 and a two-hundred day simple moving average of $9.08. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 14.84, a price-to-earnings-growth ratio of 6.63 and a beta of 1.35.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Redwood Wealth Management Group LLC acquired a new position in shares of Cosan during the second quarter worth approximately $26,000. Blue Trust Inc. raised its stake in Cosan by 217.1% during the 3rd quarter. Blue Trust Inc. now owns 4,468 shares of the company’s stock valued at $44,000 after acquiring an additional 3,059 shares in the last quarter. US Bancorp DE boosted its position in Cosan by 405.1% during the 3rd quarter. US Bancorp DE now owns 5,793 shares of the company’s stock worth $55,000 after acquiring an additional 4,646 shares during the period. Quantbot Technologies LP bought a new position in shares of Cosan in the third quarter worth $97,000. Finally, FMR LLC increased its holdings in shares of Cosan by 114.3% during the third 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 period.

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.