Cosan (NYSE:CSAN) Shares Gap Down – Time to Sell?

Shares of Cosan S.A. (NYSE:CSAN) gapped down before the market opened on Wednesday . The stock had previously closed at $5.44, but opened at $5.26. Cosan shares last traded at $5.26, with a volume of 14,937 shares traded.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CSAN. UBS Group upgraded shares of Cosan to a “strong-buy” rating in a research report on Friday, October 25th. Citigroup reiterated a “buy” rating and set a $19.00 price objective on shares of Cosan in a report on Monday, December 23rd.

Cosan Stock Down 2.5 %

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 has a 50-day moving average of $5.64 and a 200 day moving average of $7.82.

Institutional Investors Weigh In On Cosan

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CSAN. Dimensional Fund Advisors LP boosted its stake in Cosan by 339.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 114,002 shares of the company’s stock worth $1,110,000 after purchasing an additional 88,064 shares during the period. FMR LLC grew its stake in Cosan by 114.3% during the third quarter. FMR LLC now owns 10,829 shares of the company’s stock valued at $104,000 after acquiring an additional 5,775 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Cosan during the 3rd quarter worth approximately $808,000. Dynamic Technology Lab Private Ltd purchased a new stake in Cosan in the 3rd quarter worth approximately $228,000. Finally, Creative Planning boosted its holdings in Cosan by 4.8% in the 3rd quarter. Creative Planning now owns 57,692 shares of the company’s stock valued at $552,000 after purchasing an additional 2,621 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.