Cosan (NYSE:CSAN) Sets New 52-Week Low - Time to Sell?

Key Points

• Cosan S.A. Sponsored ADR shares reached a new 52-week low of $3.94, down from a closing price of $4.28, indicating significant market volatility with over 1.9 million shares traded.
• The company reported a substantial earnings miss of ($0.65) per share compared to the estimated ($0.01), alongside a revenue of $1.29 billion, falling short of expectations.
• In a recent downgrade, Wall Street Zen has cut Cosan's rating from a "hold" to a "sell", reflecting negative sentiment among analysts.

Cosan S.A. Sponsored ADR (NYSE:CSAN - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $3.98 and last traded at $3.94, with a volume of 1903400 shares traded. The stock had previously closed at $4.28.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Cosan from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company's stock. According to data from MarketBeat, Cosan presently has an average rating of "Strong Buy" and an average target price of $19.00.

Cosan Trading Down 7.0%

The firm has a market capitalization of $1.83 billion, a PE ratio of 2.97, a price-to-earnings-growth ratio of 0.13 and a beta of 0.98. The firm's 50-day simple moving average is $4.73 and its 200-day simple moving average is $5.09. The company has a quick ratio of 1.98, a current ratio of 2.13 and a debt-to-equity ratio of 1.88.

Cosan (NYSE:CSAN - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The company reported ($0.36) earnings per share for the quarter. The business had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $7.12 billion. Cosan had a negative return on equity of 27.61% and a negative net margin of 28.08%. Equities analysts expect that Cosan S.A. Sponsored ADR will post 0.2 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC lifted its holdings in shares of Cosan by 1,204.6% during the 4th quarter. Citadel Advisors LLC now owns 498,181 shares of the company's stock worth $2,710,000 after acquiring an additional 459,995 shares during the period. Millennium Management LLC lifted its stake in Cosan by 142.8% in the fourth quarter. Millennium Management LLC now owns 364,718 shares of the company's stock valued at $1,984,000 after buying an additional 214,485 shares during the last quarter. Jane Street Group LLC bought a new stake in Cosan in the fourth quarter worth about $451,000. Mariner LLC increased its stake in Cosan by 273.1% in the 4th quarter. Mariner LLC now owns 106,724 shares of the company's stock worth $581,000 after purchasing an additional 78,120 shares in the last quarter. Finally, Invesco Ltd. bought a new stake in shares of Cosan in the 4th quarter valued at approximately $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.