Cosan (NYSE:CSAN) Shares Gap Down – Time to Sell?

Cosan S.A. (NYSE:CSAN)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $5.44, but opened at $5.26. Cosan shares last traded at $5.26, with a volume of 14,937 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CSAN shares. UBS Group raised shares of Cosan to a “strong-buy” rating in a report on Friday, October 25th. Citigroup reaffirmed a “buy” rating and issued a $19.00 price target on shares of Cosan in a report on Monday, December 23rd.

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 stock’s 50-day moving average is $5.72 and its two-hundred day moving average is $7.86.

Institutional Trading of Cosan

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position in shares of Cosan by 217.1% during the third 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 period. US Bancorp DE increased its position in shares of Cosan by 405.1% during the third 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. Caprock Group LLC purchased a new position in shares of Cosan during the fourth quarter worth approximately $61,000. Savant Capital LLC purchased a new position in Cosan during the fourth quarter valued at approximately $63,000. Finally, Sivia Capital Partners LLC purchased a new position in Cosan during the fourth quarter valued at approximately $78,000.

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.