Cosan (NYSE:CSAN) Reaches New 12-Month Low - Should You Sell?

Cosan S.A. Sponsored ADR (NYSE:CSAN - Get Free Report) hit a new 52-week low during trading on Friday . The company traded as low as $4.28 and last traded at $4.29, with a volume of 591975 shares. The stock had previously closed at $4.43.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Cosan from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th.

Cosan Trading Down 1.1%

The firm's 50 day simple moving average is $5.38 and its two-hundred day simple moving average is $5.27. The stock has a market cap of $1.92 billion, a P/E ratio of 3.11, a price-to-earnings-growth ratio of 0.13 and a beta of 1.09. 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 announced its earnings results on Thursday, May 15th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.64). The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $7.17 billion. Cosan had a negative net margin of 25.77% and a negative return on equity of 24.39%. As a group, equities research analysts predict that Cosan S.A. Sponsored ADR will post 0.2 earnings per share for the current fiscal year.

Institutional Trading of Cosan

A number of hedge funds have recently bought and sold shares of the company. Citadel Advisors LLC boosted its holdings in shares of Cosan by 1,204.6% during the fourth quarter. Citadel Advisors LLC now owns 498,181 shares of the company's stock worth $2,710,000 after purchasing an additional 459,995 shares during the period. Millennium Management LLC raised its position in Cosan by 142.8% during the fourth quarter. Millennium Management LLC now owns 364,718 shares of the company's stock valued at $1,984,000 after acquiring an additional 214,485 shares in the last quarter. Jane Street Group LLC bought a new position in Cosan during the fourth quarter valued at approximately $451,000. Mariner LLC raised its position in Cosan by 273.1% during the fourth quarter. Mariner LLC now owns 106,724 shares of the company's stock valued at $581,000 after acquiring an additional 78,120 shares in the last quarter. Finally, Invesco Ltd. bought a new position in Cosan during the fourth 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.