Cosan (NYSE:CSAN) Stock Price Down 6.7% – Here’s What Happened

Cosan S.A. Sponsored ADR (NYSE:CSAN) shares were down 6.7% during trading on Tuesday . The company traded as low as $3.32 and last traded at $3.2950. Approximately 1,666,624 shares were traded during trading, a decline of 23% from the average daily volume of 2,164,630 shares. The stock had previously closed at $3.53.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Cosan in a research report on Wednesday, January 21st. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $4.75.

Cosan Trading Down 7.8%

The company has a current ratio of 1.80, a quick ratio of 1.65 and a debt-to-equity ratio of 2.01. The business has a 50 day moving average of $4.11 and a 200-day moving average of $4.38. The stock has a market cap of $3.23 billion, a PE ratio of -1.34 and a beta of 0.82.

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

Institutional Trading of Cosan

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SmartHarvest Portfolios LLC purchased a new stake in Cosan during the 1st quarter worth about $46,000. Caitong International Asset Management Co. Ltd purchased a new stake in Cosan during the 4th quarter worth about $46,000. Tuttle Capital Management LLC purchased a new position in shares of Cosan during the fourth quarter valued at approximately $51,000. Royal Bank of Canada lifted its stake in shares of Cosan by 3,266.6% during the first quarter. Royal Bank of Canada now owns 12,389 shares of the company’s stock valued at $51,000 after buying an additional 12,021 shares during the period. Finally, Clear Harbor Asset Management LLC purchased a new position in shares of Cosan during the fourth quarter valued at approximately $53,000.

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.