Dana (NYSE:DAN) Sees Large Volume Increase – Should You Buy?

Dana Incorporated (NYSE:DAN) shares saw an uptick in trading volume on Monday . 552,924 shares traded hands during trading, a decline of 57% from the previous session’s volume of 1,294,788 shares.The stock last traded at $11.00 and had previously closed at $11.17.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DAN. Wells Fargo & Company downgraded Dana from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $13.00 to $9.00 in a research note on Friday, September 20th. UBS Group decreased their price target on shares of Dana from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. StockNews.com lowered shares of Dana from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Wolfe Research initiated coverage on Dana in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $12.00 target price on shares of Dana in a report on Tuesday, September 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $13.50.

Dana Stock Performance

The company has a debt-to-equity ratio of 1.55, a current ratio of 1.48 and a quick ratio of 0.90. The stock has a fifty day simple moving average of $10.59 and a two-hundred day simple moving average of $11.87. The firm has a market capitalization of $1.49 billion, a P/E ratio of 114.50, a P/E/G ratio of 0.62 and a beta of 2.28.

Dana (NYSE:DAN) last released its quarterly earnings data on Wednesday, July 31st. The auto parts company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.07. The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.76 billion. Dana had a negative net margin of 0.01% and a positive return on equity of 4.98%. Dana’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 EPS. On average, research analysts predict that Dana Incorporated will post 0.95 EPS for the current year.

Hedge Funds Weigh In On Dana

A hedge fund recently raised its stake in Dana stock. Rhumbline Advisers boosted its position in Dana Incorporated (NYSE:DAN) by 1.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 426,586 shares of the auto parts company’s stock after acquiring an additional 5,468 shares during the period. Rhumbline Advisers owned 0.29% of Dana worth $5,170,000 as of its most recent SEC filing. 96.79% of the stock is currently owned by hedge funds and other 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.