Cosan (NYSE:CSAN) Shares Gap Down – Should You Sell?

Cosan S.A. (NYSE:CSAN)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $5.85, but opened at $5.64. Cosan shares last traded at $5.58, with a volume of 138,145 shares.

Wall Street Analysts Forecast Growth

Separately, UBS Group upgraded Cosan to a “strong-buy” rating in a research note on Friday, October 25th.

Cosan Stock Performance

The firm has a market cap of $2.54 billion, a price-to-earnings ratio of 13.43, a price-to-earnings-growth ratio of 6.63 and a beta of 1.35. The company has a current ratio of 1.86, a quick ratio of 1.73 and a debt-to-equity ratio of 1.31. The stock’s 50 day moving average is $7.63 and its 200 day moving average is $8.95.

Hedge Funds Weigh In On Cosan

A number of hedge funds have recently added to or reduced their stakes in the stock. SPX Gestao de Recursos Ltda raised its stake in Cosan by 113.2% in the third quarter. SPX Gestao de Recursos Ltda now owns 65,543 shares of the company’s stock valued at $627,000 after purchasing an additional 34,798 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Cosan during the 3rd quarter worth approximately $118,000. Itau Unibanco Holding S.A. boosted its position in shares of Cosan by 142,193.8% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 1,132,659 shares of the company’s stock worth $10,828,000 after acquiring an additional 1,131,863 shares in the last quarter. Centiva Capital LP bought a new position in shares of Cosan in the 3rd quarter valued at $286,000. 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 worth $104,000 after acquiring an additional 5,775 shares in the last quarter.

Cosan Company Profile

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.