Cosan (NYSE:CSAN) Stock Price Down 5.3% - Should You Sell?

Cosan S.A. Sponsored ADR (NYSE:CSAN - Get Free Report)'s share price was down 5.3% during trading on Friday . The stock traded as low as $5.49 and last traded at $5.48. Approximately 241,460 shares were traded during trading, a decline of 75% from the average daily volume of 951,216 shares. The stock had previously closed at $5.78.

Analyst Ratings Changes

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

Cosan Stock Down 5.4%

The company has a debt-to-equity ratio of 1.88, a current ratio of 2.13 and a quick ratio of 1.98. The stock has a 50 day simple moving average of $5.52 and a 200-day simple moving average of $5.41. The firm has a market cap of $2.55 billion, a PE ratio of 4.14, a PEG ratio of 0.18 and a beta of 1.15.

Cosan (NYSE:CSAN - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The company reported ($0.65) earnings per share 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. Cosan had a negative net margin of 25.77% and a negative return on equity of 24.39%. Sell-side analysts predict that Cosan S.A. Sponsored ADR will post 0.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Cosan

Hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC increased its holdings in shares of Cosan by 11.1% in the 1st quarter. Jane Street Group LLC now owns 92,126 shares of the company's stock worth $481,000 after purchasing an additional 9,181 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Cosan by 79.4% during the first quarter. Goldman Sachs Group Inc. now owns 49,306 shares of the company's stock valued at $257,000 after buying an additional 21,818 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in Cosan by 3,995.3% in the 1st quarter. Cubist Systematic Strategies LLC now owns 306,859 shares of the company's stock worth $1,602,000 after buying an additional 299,366 shares in the last quarter. Royal Bank of Canada raised its position in Cosan by 113,135.4% in the 1st quarter. Royal Bank of Canada now owns 198,162 shares of the company's stock worth $1,034,000 after buying an additional 197,987 shares during the last quarter. Finally, Vident Advisory LLC lifted its stake in Cosan by 278.0% during the 1st quarter. Vident Advisory LLC now owns 51,156 shares of the company's stock valued at $267,000 after acquiring an additional 37,624 shares during the period.

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.

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