Cosan (NYSE:CSAN) Hits New 52-Week Low at $9.06

Cosan S.A. (NYSE:CSAN) hit a new 52-week low on Thursday . The company traded as low as $9.06 and last traded at $9.11, with a volume of 440103 shares changing hands. The stock had previously closed at $9.42.

Cosan Price Performance

The stock has a 50-day moving average of $9.87 and a two-hundred day moving average of $11.90.

Cosan (NYSE:CSAN) last released its earnings results on Tuesday, May 28th. The company reported ($0.08) EPS for the quarter. The company had revenue of $1.99 billion for the quarter. On average, analysts expect that Cosan S.A. will post 0.71 earnings per share for the current fiscal year.

Cosan Announces Dividend

The business also recently announced an annual dividend, which was paid on Tuesday, June 25th. Investors of record on Monday, June 10th were issued a dividend of $0.3469 per share. This represents a yield of 3.2%. The ex-dividend date of this dividend was Monday, June 10th.

Institutional Trading of Cosan

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC bought a new stake in shares of Cosan in the 4th quarter worth approximately $27,000. GAMMA Investing LLC bought a new stake in Cosan in the fourth quarter valued at $27,000. SPX Gestao de Recursos Ltda purchased a new position in Cosan during the 4th quarter valued at $76,000. Signaturefd LLC raised its holdings in Cosan by 2,736.9% in the 2nd quarter. Signaturefd LLC now owns 11,915 shares of the company’s stock worth $116,000 after purchasing an additional 11,495 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Cosan in the 4th quarter worth about $397,000.

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.