Cosan (NYSE:CSAN) Shares Gap Down – Should You Sell?

Cosan S.A. (NYSE:CSAN) shares gapped down prior to trading on Friday . The stock had previously closed at $5.84, but opened at $5.72. Cosan shares last traded at $5.71, with a volume of 94,933 shares trading hands.

Analyst Ratings Changes

CSAN has been the topic of several analyst reports. Citigroup restated a “buy” rating and set a $19.00 price objective on shares of Cosan in a report on Monday, December 23rd. UBS Group raised shares of Cosan to a “strong-buy” rating in a research report on Friday, October 25th.

Cosan Trading Down 4.3 %

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 business’s fifty day simple moving average is $6.35 and its 200 day simple moving average is $8.33.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CSAN. Blue Trust Inc. increased its stake in shares of Cosan by 217.1% in the third quarter. Blue Trust Inc. now owns 4,468 shares of the company’s stock worth $44,000 after buying an additional 3,059 shares during the last quarter. US Bancorp DE raised its position in shares of Cosan by 405.1% during the 3rd quarter. US Bancorp DE now owns 5,793 shares of the company’s stock worth $55,000 after purchasing an additional 4,646 shares during the period. Quantbot Technologies LP bought a new stake in shares of Cosan in the 3rd quarter worth approximately $97,000. FMR LLC boosted its position in Cosan by 114.3% during the 3rd quarter. FMR LLC now owns 10,829 shares of the company’s stock valued at $104,000 after purchasing an additional 5,775 shares during the period. Finally, XTX Topco Ltd bought a new position in Cosan during the 2nd quarter worth $115,000.

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.