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

Cosan S.A. Sponsored ADR (NYSE:CSAN - Get Free Report)'s stock price gapped down before the market opened 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.

Analyst Ratings Changes

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

Cosan Price Performance

The company has a market cap of $2.18 billion, a P/E ratio of 3.54, a PEG ratio of 0.15 and a beta of 1.09. The company has a fifty day simple moving average of $5.50 and a 200-day simple moving average of $5.31. The company has a debt-to-equity ratio of 1.88, a current ratio of 2.13 and a quick ratio of 1.98.

Cosan (NYSE:CSAN - Get Free Report) last posted its quarterly 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. Cosan had a negative net margin of 25.77% and a negative return on equity of 24.39%. On average, sell-side analysts predict that Cosan S.A. Sponsored ADR will post 0.2 earnings per share for the current year.

Hedge Funds Weigh In On Cosan

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. grew its position in Cosan by 28.3% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,452,659 shares of the company's stock worth $7,670,000 after purchasing an additional 320,000 shares in the last quarter. Martin Currie Ltd. grew its position in Cosan by 20.1% during the 1st quarter. Martin Currie Ltd. now owns 1,439,121 shares of the company's stock worth $7,512,000 after purchasing an additional 240,613 shares in the last quarter. Moon Capital Management LP grew its position in Cosan by 32.5% during the 4th quarter. Moon Capital Management LP now owns 1,217,023 shares of the company's stock worth $6,621,000 after purchasing an additional 298,593 shares in the last quarter. Citadel Advisors LLC grew its position in 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 purchasing an additional 459,995 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. grew its position in Cosan by 826.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 441,414 shares of the company's stock worth $2,401,000 after purchasing an additional 393,784 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.