Cosan Ltd. (NYSE:CZZ) shares shot up 2% during trading on Thursday . The stock traded as high as $7.19 and last traded at $7.18, with a volume of 440,949 shares. The stock had previously closed at $7.04.

Separately, Zacks Investment Research raised Cosan from a “sell” rating to a “hold” rating in a research note on Friday, May 20th.

The company has a 50-day moving average of $6.68 and a 200-day moving average of $5.53. The company has a market capitalization of $1.93 billion and a PE ratio of 10.43.

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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