Dana (NYSE:DAN) Sets New 52-Week Low - Should You Sell?

Shares of Dana Incorporated (NYSE:DAN - Get Free Report) hit a new 52-week low on Wednesday . The company traded as low as $9.10 and last traded at $9.10, with a volume of 60179 shares trading hands. The stock had previously closed at $10.14.

Analysts Set New Price Targets

Several equities research analysts have weighed in on DAN shares. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $12.00 target price on shares of Dana in a research note on Tuesday, September 10th. StockNews.com downgraded Dana from a "buy" rating to a "hold" rating in a research note on Wednesday, October 9th. UBS Group decreased their price target on Dana from $14.00 to $12.00 and set a "neutral" rating for the company in a research note on Wednesday, July 10th. JPMorgan Chase & Co. dropped their price target on Dana from $17.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, October 21st. Finally, Barclays decreased their price objective on shares of Dana from $16.00 to $14.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Dana presently has a consensus rating of "Hold" and a consensus price target of $13.50.

Dana Trading Down 17.3 %

The company has a current ratio of 1.48, a quick ratio of 0.90 and a debt-to-equity ratio of 1.55. The firm has a market cap of $1.22 billion, a PE ratio of 97.44, a price-to-earnings-growth ratio of 0.62 and a beta of 2.28. The company has a 50-day simple moving average of $10.54 and a 200 day simple moving average of $11.79.

Dana (NYSE:DAN - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.07. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.76 billion. Dana had a negative net margin of 0.01% and a positive return on equity of 4.98%. The company's revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.37 earnings per share. As a group, sell-side analysts forecast that Dana Incorporated will post 0.95 earnings per share for the current fiscal year.

Dana Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 8th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.77%. Dana's dividend payout ratio (DPR) is 444.44%.

Institutional Investors Weigh In On Dana

A hedge fund recently bought a new stake in Dana stock. SG Americas Securities LLC acquired a new position in Dana Incorporated (NYSE:DAN - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 32,049 shares of the auto parts company's stock, valued at approximately $388,000. 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.