Cosan (NYSE:CSAN) Trading Up 5.4% – Should You Buy?

Cosan S.A. (NYSE:CSAN) traded up 5.4% on Friday . The stock traded as high as $7.61 and last traded at $7.61. 239,130 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 428,566 shares. The stock had previously closed at $7.22.

Analyst Ratings Changes

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

Cosan Price Performance

The company has a debt-to-equity ratio of 1.31, a current ratio of 1.79 and a quick ratio of 1.68. The firm’s 50-day simple moving average is $8.61 and its 200-day simple moving average is $9.49.

Institutional Trading of Cosan

A number of large investors have recently modified their holdings of the company. Redwood Wealth Management Group LLC purchased a new position in Cosan during the 2nd quarter worth $26,000. Blue Trust Inc. grew its position in shares of Cosan by 217.1% during the 3rd quarter. Blue Trust Inc. now owns 4,468 shares of the company’s stock worth $44,000 after buying an additional 3,059 shares in the last quarter. US Bancorp DE grew its position in shares of Cosan by 405.1% during the 3rd quarter. US Bancorp DE now owns 5,793 shares of the company’s stock worth $55,000 after buying an additional 4,646 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Cosan in the third quarter valued at about $97,000. Finally, FMR LLC lifted its stake in Cosan by 114.3% in the third quarter. FMR LLC now owns 10,829 shares of the company’s stock worth $104,000 after acquiring an additional 5,775 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.