Cosan (NYSE:CSAN) Reaches New 12-Month Low – Here’s What Happened

Cosan S.A. (NYSE:CSAN)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $8.41 and last traded at $8.41, with a volume of 931 shares changing hands. The stock had previously closed at $8.53.

Cosan Trading Down 2.1 %

The stock has a 50-day moving average price of $9.49 and a two-hundred day moving average price of $10.16. The stock has a market cap of $3.90 billion, a PE ratio of 5.40, a price-to-earnings-growth ratio of 8.42 and a beta of 1.41. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.79 and a quick ratio of 1.68.

Cosan (NYSE:CSAN) last issued its earnings results on Wednesday, August 14th. The company reported ($0.09) EPS for the quarter. The firm had revenue of $2.05 billion for the quarter. Sell-side analysts forecast that Cosan S.A. will post 0.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cosan

Institutional investors have recently bought and sold shares of the business. Redwood Wealth Management Group LLC acquired a new stake in shares of Cosan in the 2nd quarter worth $26,000. XTX Topco Ltd purchased a new position in Cosan in the 2nd quarter valued at approximately $115,000. Signaturefd LLC grew its position in shares of Cosan by 2,736.9% during the second quarter. Signaturefd LLC now owns 11,915 shares of the company’s stock worth $116,000 after buying an additional 11,495 shares in the last quarter. Creative Planning increased its stake in shares of Cosan by 187.1% during the second quarter. Creative Planning now owns 55,071 shares of the company’s stock worth $536,000 after buying an additional 35,892 shares during the period. Finally, Banque Cantonale Vaudoise purchased a new position in Cosan in the first quarter worth approximately $1,036,000.

Cosan Company Profile

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.