Cosan (NYSE:CSAN) Shares Gap Down - Time to Sell?

Cosan S.A. Sponsored ADR (NYSE:CSAN - Get Free Report)'s share price gapped down prior to trading on Thursday . The stock had previously closed at $4.86, but opened at $4.66. Cosan shares last traded at $4.60, with a volume of 415,436 shares traded.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Cosan from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th.

Cosan Trading Down 1.9%

The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.98 and a current ratio of 2.13. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 3.48, a P/E/G ratio of 0.14 and a beta of 1.09. The company has a 50 day moving average price of $5.48 and a two-hundred day moving average price of $5.30.

Cosan (NYSE:CSAN - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The company reported ($0.65) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.64). Cosan had a negative net margin of 25.77% and a negative return on equity of 24.39%. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $7.17 billion. On average, research analysts forecast that Cosan S.A. Sponsored ADR will post 0.2 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CSAN. PNC Financial Services Group Inc. raised its stake in 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 last quarter. Sequoia Financial Advisors LLC acquired a new position in Cosan in the 4th quarter valued at $125,000. Signaturefd LLC raised its stake in Cosan by 329.3% in the 4th quarter. Signaturefd LLC now owns 40,741 shares of the company's stock valued at $222,000 after purchasing an additional 31,250 shares during the last quarter. PDS Planning Inc acquired a new position in Cosan in the 4th quarter valued at $58,000. Finally, Quantbot Technologies LP raised its stake in Cosan by 33.3% in the 4th quarter. Quantbot Technologies LP now owns 13,495 shares of the company's stock valued at $73,000 after purchasing an additional 3,373 shares during 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.