Dana Incorporated (DAN) Moves Higher on Volume Spike for February 19

Equities Staff  |

Dana Incorporated (DAN) traded on unusually high volume on Feb. 19, as the stock gained 4.92% to close at $20.05. On the day, Dana Incorporated saw 3.94 million shares trade hands on 27,531 trades. Considering that the stock averages only a daily volume of 1.85 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $28.61 and $12.65 over the last 52-weeks, its 50-day SMA is now $15.72, and its 200-day SMA $18.58. Dana Incorporated has a P/B ratio of 2.34. It also has a P/E ratio of 11.5.

Dana is a supplier of driveline (axles, driveshafts, and transmissions), sealing, and thermal-management technologies for vehicles with both conventional and alternative-energy powertrains. The company produces for original-equipment manufacturers and the aftermarket for passenger vehicles, commercial trucks, and off-highway equipment. Dana generates the majority of its revenue from its light vehicle segment, selling primarily to Ford, Hyundai, Tata, Nissan, GM, and Toyota. The company's largest end market is North America.

Headquartered in Maumee, OH, Dana Incorporated has 31,200 employees and is currently under the leadership of CEO James K. Kamsickas.

For a complete fundamental analysis analysis of Dana Incorporated, check out Equities.com’s Stock Valuation Analysis report for DAN.

Still paying commissions on stock trades? Equities.com now offers 100% commission free stock trading and flat-fee options trading for $89.95/month! Get started today by https://www.equities.com/trading

To get more information on Dana Incorporated and to follow the company’s latest updates, you can visit the company’s profile page here: DAN’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer



Symbol Last Price Change % Change





















Blockchain in Fintech - Discussion at the EU Parliament

From the recent Blockchain For Europe Summit in Brussels: Panel on Financial Market Infrastructure