Cosan (NYSE:CSAN) Stock Price Down 3.7% – What’s Next?

Posted by Lindsey Winhoffer on Dec 6th, 2024

Cosan S.A. (NYSE:CSAN – Get Free Report)’s share price traded down 3.7% during trading on Friday . The stock traded as low as $6.25 and last traded at $6.26. 114,265 shares changed hands during trading, a decline of 75% from the average session volume of 452,705 shares. The stock had previously closed at $6.50.

Analyst Upgrades and Downgrades

Separately, UBS Group raised shares of Cosan to a “strong-buy” rating in a research report on Friday, October 25th.

Check Out Our Latest Report on Cosan

Cosan Price Performance

The company has a debt-to-equity ratio of 1.31, a current ratio of 1.86 and a quick ratio of 1.68. The business’s 50-day simple moving average is $8.19 and its two-hundred day simple moving average is $9.24.

Institutional Trading of Cosan

Hedge funds have recently made changes to their positions in the stock. Redwood Wealth Management Group LLC acquired a new position in Cosan during the 2nd quarter worth $26,000. Blue Trust Inc. lifted its position in shares of Cosan by 217.1% during the third quarter. Blue Trust Inc. now owns 4,468 shares of the company’s stock worth $44,000 after purchasing an additional 3,059 shares during the last quarter. US Bancorp DE grew its stake in Cosan by 405.1% in the third quarter. US Bancorp DE now owns 5,793 shares of the company’s stock worth $55,000 after purchasing an additional 4,646 shares in the last quarter. Quantbot Technologies LP bought a new stake in Cosan in the third quarter valued at about $97,000. Finally, FMR LLC raised its stake in Cosan by 114.3% during the third quarter. FMR LLC now owns 10,829 shares of the company’s stock valued at $104,000 after buying an additional 5,775 shares in the last quarter.

Cosan Company Profile

(Get Free Report)

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.