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

Key Points

• Dana Incorporated's stock price has surpassed its 200-day moving average of $16.83, trading at a high of $19.36 and last at $18.91, indicating recent positive momentum.
• Analyst ratings show a mixed outlook, with a consensus of "Moderate Buy" and a target price of $22.14, reflecting upgrades from Barclays and UBS, while Weiss Ratings maintains a "sell" stance.
• The company reported a negative net margin of 0.26% in its last earnings release, falling short of expectations with earnings per share of $0.05 compared to the consensus estimate of $0.40.

Dana Incorporated (NYSE:DAN - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.83 and traded as high as $19.36. Dana shares last traded at $18.91, with a volume of 2,554,509 shares traded.

Analyst Ratings Changes

DAN has been the topic of several research reports. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Dana in a research note on Wednesday, October 8th. Barclays upped their target price on shares of Dana from $25.00 to $27.00 and gave the company an "overweight" rating in a research report on Friday, October 10th. JPMorgan Chase & Co. cut their price objective on shares of Dana from $24.00 to $23.00 and set an "overweight" rating on the stock in a report on Monday, July 21st. UBS Group restated a "buy" rating and issued a $23.00 price objective (up from $22.00) on shares of Dana in a report on Monday, July 14th. Finally, Cfra Research upgraded shares of Dana from a "moderate sell" rating to a "hold" rating in a report on Tuesday, August 5th. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Dana presently has an average rating of "Moderate Buy" and a consensus price target of $22.14.

Dana Trading Up 1.9%

The company has a debt-to-equity ratio of 2.02, a current ratio of 1.36 and a quick ratio of 1.00. The business has a 50-day moving average of $19.64 and a 200-day moving average of $16.83. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of -118.16, a P/E/G ratio of 1.27 and a beta of 2.09.

Dana (NYSE:DAN - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The auto parts company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.35). Dana had a positive return on equity of 5.65% and a negative net margin of 0.26%.The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the prior year, the firm earned $0.31 earnings per share. The firm's revenue for the quarter was down 5.5% on a year-over-year basis. Research analysts anticipate that Dana Incorporated will post 1.5 EPS for the current year.

Dana Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 8th were given a dividend of $0.10 per share. The ex-dividend date was Friday, August 8th. This represents a $0.40 annualized dividend and a dividend yield of 2.1%. Dana's dividend payout ratio (DPR) is currently -250.00%.

Insider Activity

In other news, CAO James D. Kellett sold 11,728 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $18.65, for a total value of $218,727.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.46% of the company's stock.

Institutional Investors Weigh In On Dana

Several hedge funds have recently added to or reduced their stakes in DAN. GAMMA Investing LLC lifted its position in shares of Dana by 1,495.0% in the 1st quarter. GAMMA Investing LLC now owns 43,096 shares of the auto parts company's stock worth $574,000 after purchasing an additional 40,394 shares during the period. SG Americas Securities LLC lifted its holdings 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 period. JB Capital Partners LP lifted its holdings 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 buying an additional 20,000 shares during the period. Great Lakes Advisors LLC lifted its holdings in Dana by 11.5% in the first quarter. Great Lakes Advisors LLC now owns 313,039 shares of the auto parts company's stock valued at $4,173,000 after buying an additional 32,241 shares during the period. Finally, Segall Bryant & Hamill LLC acquired a new position in Dana in the first quarter valued at $2,434,000. 96.79% of the stock is currently 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.

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