Dana (NYSE:DAN) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Dana Incorporated (NYSE:DAN - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.62 and traded as high as $16.78. Dana shares last traded at $16.34, with a volume of 1,521,692 shares trading hands.

Analysts Set New Price Targets

A number of analysts recently weighed in on DAN shares. Barclays increased their price target on shares of Dana from $17.00 to $20.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. UBS Group increased their price target on shares of Dana from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. StockNews.com upgraded shares of Dana from a "hold" rating to a "buy" rating in a research report on Tuesday. Royal Bank of Canada increased their price target on shares of Dana from $13.00 to $16.00 and gave the company a "sector perform" rating in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. raised their target price on shares of Dana from $14.00 to $20.00 and gave the stock an "overweight" rating in a report on Monday, January 27th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dana currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.14.

Dana Stock Down 4.5%

The company has a market capitalization of $2.33 billion, a P/E ratio of -41.02, a PEG ratio of 0.72 and a beta of 2.07. The firm's 50 day moving average price is $13.31 and its two-hundred day moving average price is $12.71. The company has a current ratio of 1.45, a quick ratio of 0.86 and a debt-to-equity ratio of 1.71.

Dana (NYSE:DAN - Get Free Report) last released its earnings results on Wednesday, April 30th. The auto parts company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.04). Dana had a negative net margin of 0.55% and a positive return on equity of 6.70%. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the prior year, the business posted $0.02 earnings per share. Dana's quarterly revenue was down 14.0% compared to the same quarter last year. Equities research analysts forecast that Dana Incorporated will post 1.5 EPS for the current year.

Dana Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, May 31st. Stockholders of record on Saturday, May 10th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.50%. Dana's dividend payout ratio is currently -166.67%.

Institutional Investors Weigh In On Dana

A number of hedge funds and other institutional investors have recently modified their holdings of the company. JB Capital Partners LP raised its stake in Dana by 1.1% in the first quarter. JB Capital Partners LP now owns 1,852,293 shares of the auto parts company's stock valued at $24,524,000 after purchasing an additional 20,000 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of Dana in the first quarter valued at approximately $2,434,000. Cornerstone Investment Partners LLC acquired a new position in shares of Dana in the first quarter valued at approximately $146,000. SG Americas Securities LLC increased its position in Dana by 3.8% during the 1st quarter. SG Americas Securities LLC now owns 44,968 shares of the auto parts company's stock valued at $599,000 after purchasing an additional 1,662 shares during the period. Finally, GAMMA Investing LLC increased its position in Dana by 1,495.0% during the 1st quarter. GAMMA Investing LLC now owns 43,096 shares of the auto parts company's stock valued at $574,000 after purchasing an additional 40,394 shares during the period. Institutional investors and hedge funds own 96.79% of the company's stock.

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.