Cosan Ltd. (NYSE:CZZ) shares shot up 1.8% during mid-day trading on Friday . The stock traded as high as $6.89 and last traded at $6.86, with a volume of 638,716 shares. The stock had previously closed at $6.74.

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

The stock has a 50-day moving average of $6.55 and a 200-day moving average of $5.26. The firm has a market capitalization of $1.83 billion and a price-to-earnings ratio of 9.82.

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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