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

Cosan S.A. (NYSE:CSAN) shares gapped down prior to trading on Wednesday . The stock had previously closed at $5.31, but opened at $5.07. Cosan shares last traded at $5.01, with a volume of 180,114 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CSAN. Citigroup reiterated a “buy” rating and set a $19.00 price objective on shares of Cosan in a report on Monday, December 23rd. UBS Group upgraded shares of Cosan to a “strong-buy” rating in a report on Friday, October 25th.

Cosan Stock Performance

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 stock has a fifty day moving average of $5.50 and a two-hundred day moving average of $7.66.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in Cosan by 217.1% in the third quarter. Blue Trust Inc. now owns 4,468 shares of the company’s stock valued at $44,000 after acquiring an additional 3,059 shares during the last quarter. US Bancorp DE grew its stake in Cosan by 405.1% during the third quarter. US Bancorp DE now owns 5,793 shares of the company’s stock worth $55,000 after buying an additional 4,646 shares during the period. PNC Financial Services Group Inc. grew its stake in Cosan by 181.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,790 shares of the company’s stock worth $53,000 after buying an additional 6,311 shares during the period. Quantbot Technologies LP purchased a new stake in Cosan during the third quarter worth approximately $97,000. Finally, Invesco Ltd. purchased a new stake in Cosan during the fourth quarter worth approximately $58,000.

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.