Cosan (NYSE:CSAN) Shares Down 4.4% – What’s Next?

Cosan S.A. (NYSE:CSAN)’s share price was down 4.4% on Wednesday . The company traded as low as $8.82 and last traded at $8.82. Approximately 475,988 shares changed hands during mid-day trading, an increase of 16% from the average daily volume of 408,641 shares. The stock had previously closed at $9.23.

Cosan Price Performance

The company has a current ratio of 1.79, a quick ratio of 1.68 and a debt-to-equity ratio of 1.31. The stock has a market cap of $4.14 billion, a price-to-earnings ratio of 5.84, a PEG ratio of 8.41 and a beta of 1.41. The stock has a 50-day moving average price of $9.54 and a two-hundred day moving average price of $10.32.

Cosan (NYSE:CSAN) last posted its quarterly 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. As a group, equities research analysts forecast that Cosan S.A. will post 0.31 EPS for the current year.

Institutional Trading of Cosan

Several large investors have recently added to or reduced their stakes in CSAN. Kapitalo Investimentos Ltda acquired a new position in shares of Cosan in the 4th quarter valued at about $635,000. Banque Cantonale Vaudoise acquired a new position in shares of Cosan in the 1st quarter valued at about $1,036,000. Signaturefd LLC lifted its holdings in shares of Cosan by 2,736.9% in the 2nd quarter. Signaturefd LLC now owns 11,915 shares of the company’s stock valued at $116,000 after buying an additional 11,495 shares during the period. Redwood Wealth Management Group LLC acquired a new position in shares of Cosan in the 2nd quarter valued at about $26,000. Finally, Dimensional Fund Advisors LP lifted its holdings 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 buying an additional 88,064 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.