Dana (NYSE:DAN) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of Dana Incorporated (NYSE:DAN) 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 changing hands.

Analyst Ratings Changes

A number of equities analysts have recently commented on DAN shares. StockNews.com downgraded shares of Dana from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. BNP Paribas upgraded shares of Dana from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $9.00 to $16.00 in a research note on Tuesday, December 3rd. Barclays upgraded Dana from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $12.00 to $18.00 in a research note on Monday, December 2nd. Deutsche Bank Aktiengesellschaft upgraded Dana from a “hold” rating to a “buy” rating and raised their target price for the stock from $9.00 to $19.00 in a research report on Monday, December 9th. Finally, JPMorgan Chase & Co. lowered their price target on Dana from $16.00 to $14.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $15.29.

Dana Price Performance

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 stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of -105.17, a PEG ratio of 1.26 and a beta of 2.36. The stock has a fifty day moving average of $10.18 and a two-hundred day moving average of $10.91.

Dana (NYSE:DAN) last released its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.13). The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.57 billion. Dana had a negative net margin of 0.15% and a positive return on equity of 3.48%. The business’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.30 earnings per share. As a group, equities research analysts forecast that Dana Incorporated will post 0.85 earnings per share for the current year.

Dana Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 8th were paid 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 3.46%. Dana’s dividend payout ratio (DPR) is currently -363.64%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DAN. Segall Bryant & Hamill LLC bought a new position in Dana in the 3rd quarter valued at $2,687,000. JB Capital Partners LP lifted its stake in shares of 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 acquiring an additional 128,000 shares during the period. Rhumbline Advisers boosted its holdings in Dana by 1.3% in the second quarter. Rhumbline Advisers now owns 426,586 shares of the auto parts company’s stock valued at $5,170,000 after acquiring an additional 5,468 shares during the last quarter. Entropy Technologies LP acquired a new stake in Dana in the third quarter worth about $250,000. Finally, Martingale Asset Management L P bought a new stake in Dana during the 3rd quarter worth about $346,000. 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.