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

Shares of Dana Incorporated (NYSE:DAN) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $29.49 and traded as high as $35.63. Dana shares last traded at $34.2080, with a volume of 659,916 shares.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Zacks Research downgraded shares of Dana from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. raised their price target on shares of Dana from $39.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Wall Street Zen cut Dana from a “buy” rating to a “hold” rating in a report on Sunday, April 19th. Barclays lifted their target price on Dana from $32.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, March 30th. Finally, Royal Bank Of Canada increased their price target on Dana from $32.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Dana presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.

Dana Stock Performance

The stock has a market cap of $3.70 billion, a P/E ratio of 3.32 and a beta of 1.97. The company has a fifty day moving average of $34.54 and a 200 day moving average of $29.49. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.57 and a quick ratio of 0.86.

Dana (NYSE:DAN) last issued its quarterly earnings results on Friday, May 15th. The auto parts company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.18). Dana had a net margin of 15.12% and a return on equity of 3.56%. The firm had revenue of $1.87 billion for the quarter. On average, equities analysts predict that Dana Incorporated will post 2.64 earnings per share for the current fiscal year.

Dana Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 8th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, May 8th. This represents a $0.48 annualized dividend and a yield of 1.4%. Dana’s dividend payout ratio (DPR) is currently 4.66%.

Institutional Investors Weigh In On Dana

Several hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its position in shares of Dana by 11.3% during the 4th quarter. GAMMA Investing LLC now owns 4,315 shares of the auto parts company’s stock valued at $103,000 after purchasing an additional 439 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Dana by 39.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,580 shares of the auto parts company’s stock worth $38,000 after purchasing an additional 445 shares in the last quarter. Parallel Advisors LLC lifted its stake in Dana by 105.2% during the first quarter. Parallel Advisors LLC now owns 1,925 shares of the auto parts company’s stock valued at $65,000 after purchasing an additional 987 shares during the last quarter. Amalgamated Bank boosted its holdings in Dana by 3.5% during the third quarter. Amalgamated Bank now owns 38,337 shares of the auto parts company’s stock worth $768,000 after buying an additional 1,279 shares in the last quarter. Finally, State of Tennessee Department of Treasury boosted its holdings in Dana by 10.7% during the second quarter. State of Tennessee Department of Treasury now owns 55,842 shares of the auto parts company’s stock worth $958,000 after buying an additional 5,405 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors.

Dana Company Profile

Dana Incorporated is a global leader in the design and manufacture of drivetrain, sealing, and thermal-management technologies for the automotive, commercial vehicle, off-highway and industrial markets. The company’s product portfolio includes axles, driveshafts, transmissions, e-Propulsion systems and thermal-management assemblies that help improve fuel efficiency, reduce emissions and enhance vehicle performance. Dana’s expertise spans internal combustion and electrified powertrains, positioning it to support both traditional and next-generation mobility solutions.

Founded in 1904 by Clarence W.