Cosan (NYSE:CSAN) Stock Price Up 4.7% - Time to Buy?

Cosan S.A. (NYSE:CSAN - Get Free Report)'s share price rose 4.7% on Friday . The company traded as high as $5.77 and last traded at $5.76. Approximately 1,459,140 shares traded hands during trading, an increase of 67% from the average daily volume of 871,208 shares. The stock had previously closed at $5.50.

Analyst Upgrades and Downgrades

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

Cosan Stock Performance

The stock's 50-day simple moving average is $5.25 and its 200 day simple moving average is $5.59. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 4.34, a price-to-earnings-growth ratio of 3.94 and a beta of 1.13. The company has a quick ratio of 1.73, a current ratio of 1.86 and a debt-to-equity ratio of 1.31.

Cosan (NYSE:CSAN - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $7.17 billion. Analysts expect that Cosan S.A. will post 0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. boosted its holdings 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 acquiring an additional 320,000 shares during the last quarter. Martin Currie Ltd. boosted its holdings in Cosan by 20.1% in the 1st quarter. Martin Currie Ltd. now owns 1,439,121 shares of the company's stock worth $7,512,000 after buying an additional 240,613 shares during the period. Moon Capital Management LP boosted its stake in Cosan by 32.5% in 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 during the period. Citadel Advisors LLC grew its position 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 valued at $2,710,000 after purchasing an additional 459,995 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its position in shares of Cosan by 826.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 441,414 shares of the company's stock valued at $2,401,000 after acquiring an additional 393,784 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.