Cosan Ltd. (CZZ) Sees Unusually-High Trading Volume
Cosan Ltd. (NYSE:CZZ) saw an uptick in trading volume on Wednesday . 1,707,842 shares changed hands during trading, an increase of 70% from the previous session’s volume of 1,002,784 shares.The stock last traded at $6.68 and had previously closed at $6.65.
Several research firms have issued reports on CZZ. Zacks Investment Research upgraded Cosan from a “sell” rating to a “hold” rating in a report on Friday, May 20th. TheStreet upgraded Cosan from a “sell” rating to a “hold” rating in a report on Friday, April 15th.
The stock has a 50 day moving average of $6.25 and a 200-day moving average of $4.73. The firm has a market cap of $1.77 billion and a P/E ratio of 10.23.
An institutional investor recently bought a new position in Cosan stock. BHF Kleinwort Benson Group S.A. bought a new stake in Cosan Ltd. (NYSE:CZZ) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,332,294 shares of the company’s stock, valued at approximately $8,606,000. BHF Kleinwort Benson Group S.A. owned approximately 0.88% of Cosan as of its most recent SEC filing.
Cosan Ltd (Cosan) is a holding company. The Company operates through its subsidiaries: Cosan SA Industria e Comercio (Cosan SA) and Cosan Logistica SA (Cosan Log). The Company operates in segments: Raizen Energia SA (Raizen Energia), Raizen Combustiveis SA (Raizen Combustiveis), Companhia de Gas de Sao Paulo COMGAS (COMGAS), Cosan Log, Radar Propriedades Agricolas SA (Radar) and Lubricants.
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