The price of Dana Inc (NYSE:DAN) shares last traded on Wall Street fell -8.58% to $7.67.
DAN stock price is now -26.41% away from the 50-day moving average and -36.27% away from the 200-day moving average. The market capitalization of the company currently stands at $1.11B.
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With the price target reduced from $13 to $9, Wells Fargo Downgraded its rating from Equal Weight to Underweight for Dana Inc (NYSE: DAN). , while ‘Wolfe Research’ rates the stock as ‘Peer Perform’
In other news, Kellett James D, VP & Chief Accounting Officer sold 4,357 shares of the company’s stock on May 16 ’24. The stock was sold for $61,040 at an average price of $14.01. Upon completion of the transaction, the VP & Chief Accounting Officer now directly owns 6,279 shares in the company, valued at $48159.93. A total of 0.93% of the company’s stock is owned by insiders.
During the past 12 months, Dana Inc has had a low of $8.33 and a high of $15.07. As of last week, the company has a debt-to-equity ratio of 2.02, a current ratio of 1.49, and a quick ratio of 0.86. The fifty day moving average price for DAN is $10.4228 and a two-hundred day moving average price translates $12.03435 for the stock.
The latest earnings results from Dana Inc (NYSE: DAN) was released for 2024-06-30. The net profit margin was -0.15% and return on equity was -1.04% for DAN. The company reported revenue of $2.48 billion for the quarter, compared to $2.67 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.23 percent. For the current quarter, analysts expect DAN to generate $2.45B in revenue.
