Dana (NYSE:DAN) Reaches New 52-Week Low – Here’s Why

Shares of Dana Incorporated (NYSE:DAN) reached a new 52-week low during trading on Tuesday . The company traded as low as $7.58 and last traded at $7.59, with a volume of 34985 shares traded. The stock had previously closed at $7.72.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wolfe Research started coverage on shares of Dana in a research note on Thursday, September 5th. They set a “peer perform” rating on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $12.00 price target on shares of Dana in a research note on Tuesday, September 10th. StockNews.com cut Dana from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. UBS Group dropped their target price on Dana from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Finally, Barclays reduced their price target on shares of Dana from $14.00 to $12.00 and set an “equal weight” rating for the company in a research report on Thursday, October 31st. 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $12.83.

Dana Trading Up 7.3 %

The company has a fifty day moving average of $10.19 and a 200-day moving average of $11.62. The company has a current ratio of 1.49, a quick ratio of 0.86 and a debt-to-equity ratio of 1.58. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of -78.31, a PEG ratio of 0.75 and a beta of 2.30.

Dana (NYSE:DAN) last posted its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.13). The company had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.57 billion. Dana had a positive return on equity of 3.48% and a negative net margin of 0.15%. The firm’s revenue was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 EPS. As a group, equities research analysts anticipate that Dana Incorporated will post 0.87 earnings per share for the current fiscal year.

Dana Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 8th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date of this dividend is Friday, November 8th. Dana’s dividend payout ratio is presently -363.60%.

Institutional Investors Weigh In On Dana

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in shares of Dana in the 2nd quarter valued at $388,000. Rhumbline Advisers raised its holdings in Dana by 1.3% in the 2nd 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 period. Finally, Entropy Technologies LP acquired a new position in Dana in the third quarter valued at about $250,000. 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.