Cosan (NYSE:CSAN) Stock Price Down 3.2% – Here’s Why

Shares of Cosan S.A. (NYSE:CSAN) were down 3.2% during mid-day trading on Monday . The company traded as low as $5.37 and last traded at $5.33. Approximately 419,932 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 709,281 shares. The stock had previously closed at $5.50.

Analyst Upgrades and Downgrades

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

Cosan Trading Down 3.0 %

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 $2.49 billion, a price-to-earnings ratio of 4.04, a P/E/G ratio of 3.94 and a beta of 1.33. The company’s fifty day moving average is $5.23 and its two-hundred day moving average is $6.81.

Institutional Trading of Cosan

Hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets purchased a new stake in Cosan in the fourth quarter valued at $27,000. Cubist Systematic Strategies LLC purchased a new position in shares of Cosan during the 4th quarter valued at about $41,000. PNC Financial Services Group Inc. lifted its holdings in shares of Cosan by 181.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,790 shares of the company’s stock valued at $53,000 after buying an additional 6,311 shares during the period. PDS Planning Inc purchased a new stake in shares of Cosan in the fourth quarter worth about $58,000. Finally, Invesco Ltd. acquired a new stake in Cosan during the fourth quarter worth about $58,000.

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.