Cosan (NYSE:CSAN) Hits New 1-Year Low – Time to Sell?

Cosan S.A. Sponsored ADR (NYSE:CSAN)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $3.25 and last traded at $3.2650, with a volume of 2997864 shares trading hands. The stock had previously closed at $3.53.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Cosan in a research report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Cosan has a consensus rating of “Reduce” and an average target price of $4.75.

Cosan Stock Performance

The stock’s 50-day moving average price is $4.09 and its 200-day moving average price is $4.37. The company has a market cap of $3.24 billion, a P/E ratio of -1.33 and a beta of 0.82. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.80 and a quick ratio of 1.65.

Cosan (NYSE:CSAN) last posted its quarterly earnings data on Saturday, February 14th. The company reported ($1.61) earnings per share for the quarter. Cosan had a negative return on equity of 13.94% and a negative net margin of 32.24%.The firm had revenue of $1.74 billion for the quarter.

Institutional Investors Weigh In On Cosan

Several institutional investors and hedge funds have recently bought and sold shares of CSAN. Royal Bank of Canada lifted its position in Cosan by 113,135.4% during the first quarter. Royal Bank of Canada now owns 198,162 shares of the company’s stock worth $1,034,000 after purchasing an additional 197,987 shares during the period. Goldman Sachs Group Inc. lifted its position in Cosan by 79.4% during the first quarter. Goldman Sachs Group Inc. now owns 49,306 shares of the company’s stock worth $257,000 after purchasing an additional 21,818 shares during the period. Jane Street Group LLC lifted its position in Cosan by 11.1% during the first quarter. Jane Street Group LLC now owns 92,126 shares of the company’s stock worth $481,000 after purchasing an additional 9,181 shares during the period. JPMorgan Chase & Co. lifted its position in Cosan by 4,668.1% during the second quarter. JPMorgan Chase & Co. now owns 46,823 shares of the company’s stock worth $236,000 after purchasing an additional 45,841 shares during the period. Finally, Russell Investments Group Ltd. bought a new stake in Cosan during the second quarter worth about $109,000.

About Cosan

Cosan Limited (NYSE: CSAN) is a Brazilian diversified energy and logistics group focused on agribusiness, fuels, and infrastructure. Its core activities include the cultivation of sugarcane, production of ethanol and sugar, generation of bioelectricity from bagasse, and distribution of fuels under the Raízen joint venture with Shell. Through its subsidiary Moove, Cosan is a leading global producer of base oils and lubricants, while Comgás serves as one of Brazil’s largest natural gas distributors.

Founded in 1936 in the state of São Paulo, Cosan has grown through organic expansion and strategic acquisitions.