Dana (NYSE:DAN) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Dana Incorporated (NYSE:DAN) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on DAN shares. Wells Fargo & Company restated a “buy” rating on shares of Dana in a research note on Thursday, June 12th. JPMorgan Chase & Co. cut 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. Barclays reaffirmed an “overweight” rating and set a $25.00 target price (up previously from $20.00) on shares of Dana in a report on Thursday, June 12th. UBS Group reissued a “buy” rating and issued a $23.00 price target (up from $22.00) on shares of Dana in a report on Monday, July 14th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $24.00 price objective (up previously from $20.00) on shares of Dana in a report on Thursday, June 12th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $21.00.

Dana Stock Performance

The stock’s 50-day simple moving average is $16.93 and its 200-day simple moving average is $15.10. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of -66.54, a price-to-earnings-growth ratio of 1.01 and a beta of 2.09. The company has a current ratio of 1.43, a quick ratio of 0.85 and a debt-to-equity ratio of 1.68.

Dana (NYSE:DAN) last issued its quarterly earnings results on Wednesday, April 30th. The auto parts company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.04). Dana had a negative net margin of 0.35% and a positive return on equity of 7.96%. The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter last year, the firm posted $0.02 earnings per share. The company’s quarterly revenue was down 14.0% on a year-over-year basis. Analysts forecast that Dana Incorporated will post 1.5 earnings per share for the current fiscal year.

Dana Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 8th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Friday, August 8th. Dana’s dividend payout ratio (DPR) is currently -166.67%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DAN. FNY Investment Advisers LLC bought a new position in shares of Dana in the 2nd quarter valued at $25,000. Sterling Capital Management LLC raised its stake in Dana by 829.3% during the fourth quarter. Sterling Capital Management LLC now owns 4,182 shares of the auto parts company’s stock worth $48,000 after acquiring an additional 3,732 shares in the last quarter. Cornerstone Investment Partners LLC acquired a new stake in shares of Dana in the 1st quarter valued at approximately $146,000. GAMMA Investing LLC grew its holdings in shares of 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 last quarter. Finally, 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 worth $599,000 after purchasing an additional 1,662 shares in the last quarter. Institutional investors and hedge funds 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.