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Cosan (NYSE:CSAN) Sees Strong Trading Volume - Time to Buy?

Cosan logo with Energy background

Shares of Cosan S.A. (NYSE:CSAN - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 692,532 shares changed hands during trading, a decline of 18% from the previous session's volume of 847,622 shares.The stock last traded at $5.42 and had previously closed at $5.35.

Cosan Stock Performance

The company has a market cap of $2.53 billion, a P/E ratio of 4.11, a P/E/G ratio of 3.94 and a beta of 1.13. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.86 and a quick ratio of 1.73. The business has a 50-day moving average of $5.24 and a two-hundred day moving average of $5.69.

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 the consensus estimate 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. On average, sell-side analysts predict that Cosan S.A. will post 0.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Sanctuary Advisors LLC acquired a new position in shares of Cosan in the 4th quarter valued at about $510,000. Caprock Group LLC purchased a new stake in Cosan in the 4th quarter worth approximately $61,000. Mariner LLC grew its stake in shares of Cosan by 273.1% during 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 during the period. Invesco Ltd. purchased a new position in shares of Cosan during the 4th quarter valued at approximately $58,000. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Cosan by 181.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,790 shares of the company's stock valued at $53,000 after purchasing an additional 6,311 shares during the period.

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.

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