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

Cosan S.A. (NYSE:CSAN)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $6.53, but opened at $6.33. Cosan shares last traded at $6.30, with a volume of 91,369 shares changing hands.

Analyst Ratings Changes

Separately, UBS Group upgraded shares of Cosan to a “strong-buy” rating in a research report on Friday, October 25th.

Cosan Price Performance

The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.73 and a current ratio of 1.86. The company has a market cap of $2.76 billion, a P/E ratio of 14.84, a P/E/G ratio of 6.63 and a beta of 1.35. The firm’s fifty day moving average is $7.77 and its two-hundred day moving average is $9.04.

Institutional Trading of Cosan

Several institutional investors have recently made changes to their positions in the business. Itau Unibanco Holding S.A. boosted its stake in Cosan by 142,193.8% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 1,132,659 shares of the company’s stock worth $10,828,000 after purchasing an additional 1,131,863 shares during the period. Herr Investment Group LLC purchased a new position in shares of Cosan in the second quarter worth $2,192,000. Renaissance Technologies LLC boosted its position in shares of Cosan by 2.1% during the second quarter. Renaissance Technologies LLC now owns 4,820,882 shares of the company’s stock worth $46,955,000 after acquiring an additional 100,700 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Cosan by 339.5% during the second quarter. Dimensional Fund Advisors LP now owns 114,002 shares of the company’s stock valued at $1,110,000 after acquiring an additional 88,064 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Cosan in the 3rd quarter worth $808,000.

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.