Cosan (NYSE:CSAN) Shares Gap Up – Time to Buy?

Cosan S.A. (NYSE:CSAN)’s share price gapped up prior to trading on Friday . The stock had previously closed at $7.78, but opened at $8.05. Cosan shares last traded at $8.09, with a volume of 54,642 shares changing hands.

Analyst Upgrades and Downgrades

Separately, UBS Group raised Cosan to a “strong-buy” rating in a report on Friday, October 25th.

Cosan Price Performance

The business’s 50-day moving average price is $8.80 and its 200 day moving average price is $9.66. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.79 and a quick ratio of 1.68.

Cosan (NYSE:CSAN) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.09) EPS for the quarter. The firm had revenue of $2.05 billion for the quarter. Equities research analysts predict that Cosan S.A. will post -0.33 EPS for the current year.

Institutional Trading of Cosan

A number of large investors have recently modified their holdings of CSAN. Itau Unibanco Holding S.A. lifted its stake in Cosan by 142,193.8% during the third quarter. Itau Unibanco Holding S.A. now owns 1,132,659 shares of the company’s stock worth $10,828,000 after purchasing an additional 1,131,863 shares during the last quarter. Centiva Capital LP bought a new stake in shares of Cosan in the 3rd quarter worth approximately $286,000. FMR LLC grew its holdings in shares of Cosan by 114.3% during the 3rd quarter. FMR LLC now owns 10,829 shares of the company’s stock valued at $104,000 after purchasing an additional 5,775 shares during the last quarter. Quantbot Technologies LP purchased a new position in Cosan in the 3rd quarter worth $97,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Cosan in the third quarter worth $228,000.

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.