Dana (NYSE:DAN) Stock Price Down 5.9% - Should You Sell?

Shares of Dana Incorporated (NYSE:DAN - Get Free Report) were down 5.9% during trading on Friday . The stock traded as low as $15.68 and last traded at $15.61. Approximately 974,430 shares traded hands during mid-day trading, a decline of 44% from the average daily volume of 1,736,167 shares. The stock had previously closed at $16.58.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Barclays upped their price target on shares of Dana from $18.00 to $23.00 and gave the stock an "overweight" rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. raised their target price on Dana from $14.00 to $20.00 and gave the company an "overweight" rating in a report on Monday, January 27th. StockNews.com cut Dana from a "buy" rating to a "hold" rating in a report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft raised Dana from a "hold" rating to a "buy" rating and raised their price objective for the company from $9.00 to $19.00 in a research note on Monday, December 9th. Finally, UBS Group boosted their target price on Dana from $18.00 to $20.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Dana has an average rating of "Moderate Buy" and a consensus target price of $18.86.

Dana Stock Up 1.0 %

The firm has a 50-day simple moving average of $12.59 and a 200 day simple moving average of $11.06. The stock has a market capitalization of $2.30 billion, a P/E ratio of -144.49, a P/E/G ratio of 0.71 and a beta of 2.33. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.49 and a quick ratio of 0.86.

Hedge Funds Weigh In On Dana

Large investors have recently modified their holdings of the business. Segall Bryant & Hamill LLC acquired a new stake in Dana in the third quarter valued at $2,687,000. JB Capital Partners LP grew its position in shares of Dana by 9.9% in the 3rd quarter. JB Capital Partners LP now owns 1,425,293 shares of the auto parts company's stock valued at $14,880,000 after buying an additional 128,000 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Dana by 118.3% in the fourth quarter. GAMMA Investing LLC now owns 2,702 shares of the auto parts company's stock valued at $31,000 after buying an additional 1,464 shares during the period. Versant Capital Management Inc raised its position in shares of Dana by 484.6% during the fourth quarter. Versant Capital Management Inc now owns 2,695 shares of the auto parts company's stock worth $31,000 after acquiring an additional 2,234 shares during the last quarter. Finally, Entropy Technologies LP acquired a new position in shares of Dana in the third quarter worth approximately $250,000. Institutional investors own 96.79% of the company's stock.

About Dana

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.