Dana (NYSE:DAN) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Dana Incorporated (NYSE:DAN - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.06 and traded as high as $14.72. Dana shares last traded at $14.68, with a volume of 1,312,447 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on DAN shares. StockNews.com raised Dana from a "hold" rating to a "buy" rating in a report on Wednesday, March 19th. Barclays increased their target price on Dana from $18.00 to $23.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 28th. Royal Bank of Canada boosted their price target on Dana from $13.00 to $16.00 and gave the company a "sector perform" rating in a research note on Friday, February 21st. JPMorgan Chase & Co. increased their price objective on Dana from $14.00 to $20.00 and gave the stock an "overweight" rating in a research report on Monday, January 27th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Dana from a "hold" rating to a "buy" rating and boosted their target price for the company from $9.00 to $19.00 in a research report on Monday, December 9th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $18.50.

Remove Ads

Dana Stock Down 4.2 %

The company has a market cap of $1.92 billion, a P/E ratio of -33.78, a PEG ratio of 0.72 and a beta of 2.42. The stock has a 50-day moving average of $15.00 and a 200 day moving average of $12.13. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.45 and a quick ratio of 0.86.

Dana (NYSE:DAN - Get Free Report) last issued its earnings results on Thursday, February 20th. The auto parts company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.10 by $0.15. Dana had a negative net margin of 0.55% and a positive return on equity of 6.70%. The company had revenue of $2.34 billion during the quarter, compared to analysts' expectations of $2.33 billion. Research analysts anticipate that Dana Incorporated will post 1.5 earnings per share for the current year.

Dana Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 28th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend was Friday, February 28th. Dana's dividend payout ratio is presently -102.56%.

Hedge Funds Weigh In On Dana

A number of institutional investors have recently modified their holdings of the business. State of Tennessee Department of Treasury grew its position in Dana by 6.6% in the fourth quarter. State of Tennessee Department of Treasury now owns 54,271 shares of the auto parts company's stock valued at $627,000 after acquiring an additional 3,368 shares during the last quarter. MetLife Investment Management LLC boosted its stake in shares of Dana by 6.1% in the 4th quarter. MetLife Investment Management LLC now owns 79,026 shares of the auto parts company's stock valued at $914,000 after purchasing an additional 4,531 shares in the last quarter. Sterling Capital Management LLC boosted its stake in shares of Dana by 829.3% in the 4th quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company's stock valued at $48,000 after purchasing an additional 3,732 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Dana by 1.9% during the 4th quarter. Russell Investments Group Ltd. now owns 936,143 shares of the auto parts company's stock valued at $10,822,000 after purchasing an additional 17,569 shares during the last quarter. Finally, JB Capital Partners LP increased its position in Dana by 28.6% during the 4th quarter. JB Capital Partners LP now owns 1,832,293 shares of the auto parts company's stock worth $21,181,000 after purchasing an additional 407,000 shares in the last quarter. 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.