Dana (NYSE:DAN) Stock Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• Dana Incorporated stock crossed above its 200-day moving average of $15.27, trading as high as $18.12 and closing at $17.54.
• Several investment firms have issued buy ratings for Dana, with target prices increasing; UBS set a target of $23 and Royal Bank of Canada set it at $24.
• The company announced a quarterly $0.10 dividend, reflecting an annualized yield of 2.3%, with the ex-dividend date on August 8th.

Dana Incorporated (NYSE:DAN - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $15.27 and traded as high as $18.12. Dana shares last traded at $17.54, with a volume of 2,332,937 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Royal Bank Of Canada restated an "outperform" rating and set a $24.00 target price (up previously from $20.00) on shares of Dana in a research report on Thursday, June 12th. Wall Street Zen upgraded shares of Dana from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Wells Fargo & Company restated a "buy" rating on shares of Dana in a research note on Thursday, June 12th. Cfra Research upgraded shares of Dana from a "moderate sell" rating to a "hold" rating in a research note on Tuesday, August 5th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Dana from $24.00 to $23.00 and set an "overweight" rating on the stock in a research note on Monday, July 21st. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, Dana presently has an average rating of "Moderate Buy" and an average target price of $21.00.

Dana Trading Up 3.9%

The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 1.68. The stock's 50 day moving average price is $16.95 and its 200-day moving average price is $15.34. The stock has a market capitalization of $2.70 billion, a P/E ratio of -77.18, a P/E/G ratio of 2.52 and a beta of 2.14.

Dana (NYSE:DAN - Get Free Report) last announced its earnings results on Monday, August 11th. The auto parts company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.35). The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $2.55 billion. Dana had a positive return on equity of 7.96% and a negative net margin of 0.35%. The business's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 earnings per share. As a group, equities research analysts expect that Dana Incorporated will post 1.5 earnings per share for the current year.

Dana Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 8th will be issued a $0.10 dividend. The ex-dividend date is Friday, August 8th. This represents a $0.40 dividend on an annualized basis and a yield of 2.2%. Dana's payout ratio is currently -166.67%.

Hedge Funds Weigh In On Dana

Large investors have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC bought a new position in Dana in the second quarter worth about $25,000. Sterling Capital Management LLC raised its stake in Dana by 829.3% in the fourth quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company's stock valued at $48,000 after buying an additional 3,732 shares during the last quarter. Cornerstone Investment Partners LLC purchased a new stake in Dana in the first quarter valued at about $146,000. GAMMA Investing LLC raised its stake in Dana by 1,495.0% in the first quarter. GAMMA Investing LLC now owns 43,096 shares of the auto parts company's stock valued at $574,000 after buying an additional 40,394 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in Dana by 3.8% in the first quarter. SG Americas Securities LLC now owns 44,968 shares of the auto parts company's stock valued at $599,000 after buying an additional 1,662 shares during the last quarter. 96.79% of the stock is currently owned by institutional investors.

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.