Dana (NYSE:DAN) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

Dana Incorporated (NYSE:DAN - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.15 and traded as high as $16.18. Dana shares last traded at $16.11, with a volume of 1,291,928 shares changing hands.

Wall Street Analyst Weigh In

DAN has been the subject of a number of recent analyst reports. Wells Fargo & Company upgraded Dana from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $10.00 to $16.00 in a research report on Monday, January 27th. Deutsche Bank Aktiengesellschaft upgraded Dana from a "hold" rating to a "buy" rating and upped their price objective for the stock from $9.00 to $19.00 in a research report on Monday, December 9th. UBS Group upped their price objective on Dana from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Barclays upped their price objective on Dana from $18.00 to $23.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 28th. Finally, BNP Paribas upgraded Dana from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $9.00 to $16.00 in a research report on Tuesday, December 3rd. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $18.86.

Dana Trading Up 1.6 %

The business has a fifty day simple moving average of $13.35 and a 200-day simple moving average of $11.30. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.86 and a current ratio of 1.49. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of -148.58, a PEG ratio of 0.71 and a beta of 2.33.

Dana Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, February 28th will be issued a $0.10 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.40 dividend on an annualized basis and a yield of 2.45%. Dana's payout ratio is presently -363.60%.

Hedge Funds Weigh In On Dana

Institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in Dana by 118.3% in the 4th quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company's stock worth $31,000 after purchasing an additional 1,464 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of Dana by 484.6% in the fourth quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company's stock valued at $31,000 after buying an additional 2,234 shares during the period. Sterling Capital Management LLC increased its stake in shares of Dana by 829.3% in the fourth quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company's stock valued at $48,000 after buying an additional 3,732 shares during the period. Entropy Technologies LP acquired a new stake in shares of Dana in the third quarter valued at about $250,000. Finally, Martingale Asset Management L P acquired a new stake in shares of Dana in the third quarter valued at about $346,000. Institutional investors and hedge funds own 96.79% of the company's stock.

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.