Cosan (NYSE:CSAN) Sets New 52-Week Low – Time to Sell?

Shares of Cosan S.A. (NYSE:CSAN) hit a new 52-week low on Monday . The stock traded as low as $4.95 and last traded at $4.97, with a volume of 406297 shares trading hands. The stock had previously closed at $5.14.

Analyst Ratings Changes

Separately, Citigroup reaffirmed a “buy” rating and issued a $19.00 price objective on shares of Cosan in a research note on Monday, December 23rd.

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’s 50 day moving average price is $5.40 and its 200 day moving average price is $7.48.

Institutional Trading of Cosan

A number of institutional investors have recently bought and sold shares of the company. Point72 Asset Management L.P. bought a new stake in Cosan in the fourth quarter worth approximately $1,054,000. Quantinno Capital Management LP bought a new stake in shares of Cosan in the 4th quarter valued at $149,000. Naman Capital Ltda acquired a new position in shares of Cosan during the 4th quarter valued at $1,479,000. Millennium Management LLC boosted its stake in Cosan by 142.8% during the fourth quarter. Millennium Management LLC now owns 364,718 shares of the company’s stock worth $1,984,000 after acquiring an additional 214,485 shares in the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC acquired a new stake in Cosan in the fourth quarter worth $87,000.

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.