Cosan (NYSE:CSAN) Sets New 12-Month Low – Here’s Why

Shares of Cosan S.A. (NYSE:CSAN) reached a new 52-week low on Friday . The stock traded as low as $8.60 and last traded at $8.61, with a volume of 44145 shares. The stock had previously closed at $8.90.

Cosan Stock Performance

The company has a fifty day simple moving average of $9.52 and a two-hundred day simple moving average of $10.25. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.68 and a current ratio of 1.79.

Cosan (NYSE:CSAN) last posted its earnings results on Wednesday, August 14th. The company reported ($0.09) earnings per share for the quarter. The business had revenue of $2.05 billion during the quarter. Analysts predict that Cosan S.A. will post 0.31 earnings per share for the current year.

Institutional Trading of Cosan

Several hedge funds and other institutional investors have recently modified their holdings of CSAN. Herr Investment Group LLC acquired a new stake in shares of Cosan in the 2nd quarter valued at about $2,192,000. Renaissance Technologies LLC raised its stake in shares of 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 purchasing an additional 100,700 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Cosan by 339.5% in the 2nd 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 during the period. Banque Cantonale Vaudoise acquired a new stake in shares of Cosan in the 1st quarter valued at about $1,036,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Cosan in the 4th quarter valued at about $635,000.

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.