Dana (NYSE:DAN) Shares Pass Above 200 Day Moving Average – Time to Sell?

Dana Incorporated (NYSE:DAN)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.91 and traded as high as $11.60. Dana shares last traded at $11.57, with a volume of 789,559 shares traded.

Analyst Ratings Changes

Several brokerages have issued reports on DAN. JPMorgan Chase & Co. cut their target price on Dana from $16.00 to $14.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Barclays raised shares of Dana from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $12.00 to $18.00 in a report on Monday, December 2nd. Deutsche Bank Aktiengesellschaft upgraded shares of Dana from a “hold” rating to a “buy” rating and upped their price target for the company from $9.00 to $19.00 in a research report on Monday, December 9th. Wells Fargo & Company lifted their price objective on Dana from $7.00 to $10.00 and gave the stock an “underweight” rating in a report on Monday, December 16th. Finally, StockNews.com lowered Dana from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dana presently has a consensus rating of “Hold” and an average price target of $15.29.

Dana Price Performance

The stock has a market cap of $1.71 billion, a PE ratio of -107.17, a P/E/G ratio of 1.26 and a beta of 2.36. The business has a fifty day simple moving average of $10.20 and a two-hundred day simple moving average of $10.90. The company has a current ratio of 1.49, a quick ratio of 0.86 and a debt-to-equity ratio of 1.58.

Dana (NYSE:DAN) last announced its earnings results 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 business had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter last year, the firm posted $0.30 EPS. The business’s quarterly revenue was down 7.2% on a year-over-year basis. Research analysts forecast that Dana Incorporated will post 0.85 earnings per share for the current year.

Dana Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 8th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, November 8th. This represents a $0.40 annualized dividend and a dividend yield of 3.39%. Dana’s payout ratio is presently -363.64%.

Hedge Funds Weigh In On Dana

A number of hedge funds have recently bought and sold shares of the company. Entropy Technologies LP bought a new position in shares of Dana in the third quarter worth approximately $250,000. Martingale Asset Management L P purchased a new stake in Dana during the 3rd quarter valued at $346,000. SG Americas Securities LLC increased its holdings in shares of Dana by 81.8% in the 3rd quarter. SG Americas Securities LLC now owns 58,274 shares of the auto parts company’s stock worth $615,000 after purchasing an additional 26,225 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of Dana during the third quarter valued at $2,687,000. Finally, Rhumbline Advisers boosted its position in shares of Dana by 1.3% during the second quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock valued at $5,170,000 after buying an additional 5,468 shares during the last quarter. Institutional investors 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.