Dana (NYSE:DAN) Stock Passes Above 200-Day Moving Average – What’s Next?

Dana Incorporated (NYSE:DAN)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-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 Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of Dana from $16.00 to $14.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. StockNews.com downgraded Dana from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. BNP Paribas upgraded Dana from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $9.00 to $16.00 in a research note on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft upgraded shares of Dana from a “hold” rating to a “buy” rating and increased their price objective for the stock from $9.00 to $19.00 in a research note on Monday, December 9th. Finally, Wells Fargo & Company boosted their target price on shares of Dana from $7.00 to $10.00 and gave the company an “underweight” rating in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Dana presently has an average rating of “Hold” and a consensus target price of $15.29.

Dana Trading Up 1.9 %

The stock’s fifty day moving average is $10.20 and its 200 day moving average is $10.90. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.86 and a current ratio of 1.49. The stock has a market cap of $1.71 billion, a P/E ratio of -107.17, a P/E/G ratio of 1.26 and a beta of 2.36.

Dana (NYSE:DAN) last released its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter in the previous year, the company posted $0.30 EPS. The business’s quarterly revenue was down 7.2% on a year-over-year basis. As a group, equities research analysts predict that Dana Incorporated will post 0.85 earnings per share for the current fiscal year.

Dana Dividend Announcement

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

Institutional Trading of Dana

Large investors have recently made changes to their positions in the stock. Segall Bryant & Hamill LLC purchased a new position in Dana during the third quarter valued at approximately $2,687,000. JB Capital Partners LP boosted its position in Dana by 9.9% during the third quarter. JB Capital Partners LP now owns 1,425,293 shares of the auto parts company’s stock valued at $14,880,000 after purchasing an additional 128,000 shares in the last quarter. Martingale Asset Management L P purchased a new position in shares of Dana in the 3rd quarter worth approximately $346,000. SG Americas Securities LLC lifted its position in Dana by 81.8% during the third quarter. SG Americas Securities LLC now owns 58,274 shares of the auto parts company’s stock valued at $615,000 after acquiring an additional 26,225 shares during the last quarter. Finally, Entropy Technologies LP acquired a new stake in Dana in the third quarter valued at approximately $250,000. 96.79% of the stock is owned by hedge funds and other institutional investors.

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.