Dana (NYSE:DAN) Stock Crosses Above Two Hundred Day Moving Average - What's Next?

Dana Incorporated (NYSE:DAN - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.09 and traded as high as $16.12. Dana shares last traded at $15.97, with a volume of 2,267,307 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on DAN shares. Barclays reissued an "overweight" rating and set a $25.00 price objective (up from $20.00) on shares of Dana in a research note on Thursday, June 12th. JPMorgan Chase & Co. lowered their target price on shares of Dana from $24.00 to $23.00 and set an "overweight" rating for the company in a research note on Monday, July 21st. UBS Group reaffirmed a "buy" rating and issued a $23.00 target price (up from $22.00) on shares of Dana in a research note on Monday, July 14th. Wall Street Zen raised shares of Dana from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $24.00 target price (up from $20.00) on shares of Dana in a research note on Thursday, June 12th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $21.00.

Dana Price Performance

The company has a current ratio of 1.43, a quick ratio of 0.85 and a debt-to-equity ratio of 1.68. The company's 50-day moving average price is $16.91 and its two-hundred day moving average price is $15.17. The company has a market cap of $2.28 billion, a P/E ratio of -65.17, a P/E/G ratio of 0.98 and a beta of 2.14.

Dana (NYSE:DAN - Get Free Report) last posted its earnings results on Wednesday, April 30th. The auto parts company reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.04). The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.28 billion. Dana had a negative net margin of 0.35% and a positive return on equity of 7.96%. The company's revenue for the quarter was down 14.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.02 earnings per share. As a group, sell-side analysts expect that Dana Incorporated will post 1.5 earnings per share for the current year.

Dana Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 8th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, August 8th. Dana's dividend payout ratio is currently -166.67%.

Institutional Trading of Dana

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

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.