Cosan Ltd. (NYSE:CZZ)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $7.15 and last traded at $7.04, with a volume of 687,653 shares. The stock had previously closed at $6.96.

Separately, Zacks Investment Research upgraded shares of Cosan from a “hold” rating to a “buy” rating and set a $7.75 price objective for the company in a research note on Thursday.

The firm has a market capitalization of $1.86 billion and a P/E ratio of 10.12. The company has a 50-day moving average price of $6.59 and a 200-day moving average price of $5.37.

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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