Dana Inc (NYSE: DAN) has reported earnings for its third fiscal quarter (ending September 30) of $0.03 versus $0.13 for the same period a year ago — a decline of -77%. For the latest four quarters through September 30, E.P.S. were $-0.11 compared to $-0.72 a year ago — a decline of -85%.
Recent Price Action
Dana Inc (NYSE: DAN) stock closed at $8.39 on 10/30/24 after a major decline of -17.3%. Moreover, trading volume in this decline was exceptionally high at 416% of normal. Relative to the market the stock has been weak over the last nine months and has declined -18.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, DAN is expected to continue to be an important Value Builder.
Dana has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Dana has a good Appreciation Score of 74 but a poor Power Rating of 21, producing the Low Neutral Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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