Dana (NYSE:DAN) Hits New 1-Year Low - Here's What Happened

Dana Incorporated (NYSE:DAN - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $7.58 and last traded at $7.59, with a volume of 34985 shares changing hands. The stock had previously closed at $7.72.

Analysts Set New Price Targets

A number of analysts recently issued reports on DAN shares. Wells Fargo & Company lowered their target price on Dana from $9.00 to $7.00 and set an "underweight" rating on the stock in a research report on Thursday, October 31st. JPMorgan Chase & Co. lowered their price objective on Dana from $17.00 to $16.00 and set an "overweight" rating on the stock in a research report on Monday, October 21st. Barclays decreased their price target on Dana from $14.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $12.00 target price on shares of Dana in a research report on Tuesday, September 10th. Finally, UBS Group dropped their target price on shares of Dana from $14.00 to $12.00 and set a "neutral" rating for the company in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $12.83.

Dana Stock Performance

The company has a current ratio of 1.49, a quick ratio of 0.86 and a debt-to-equity ratio of 1.58. The company's 50-day simple moving average is $10.30 and its 200-day simple moving average is $11.67. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of -71.54, a PEG ratio of 0.75 and a beta of 2.30.

Dana (NYSE:DAN - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.13). Dana had a negative net margin of 0.15% and a positive return on equity of 3.48%. The firm had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the prior year, the company posted $0.30 earnings per share. The company's revenue for the quarter was down 7.2% compared to the same quarter last year. On average, analysts expect that Dana Incorporated will post 0.87 EPS for the current year.

Dana Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 8th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date of this dividend is Friday, November 8th. Dana's dividend payout ratio is currently -363.60%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DAN. SG Americas Securities LLC bought a new position in Dana during the second quarter worth $388,000. Rhumbline Advisers boosted its stake in Dana by 1.3% during the second quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company's stock worth $5,170,000 after acquiring an additional 5,468 shares in the last quarter. Finally, Entropy Technologies LP bought a new position in Dana during the third quarter worth $250,000. 96.79% of the stock is owned by institutional investors.

Dana Company Profile

Dana Incorporated, together with its subsidiaries, provides power-conveyance and energy-management solutions for vehicles and machinery in North America, Europe, South America, and the Asia Pacific. The company operates through four segments: Light Vehicle Drive Systems, Commercial Vehicle Drive and Motion Systems, Off-Highway Drive and Motion Systems, and Power Technologies.