Dana Incorporated (DAN) Moves Lower on Volume Spike for February 28

Equities Staff  |

Dana Incorporated (DAN) traded on unusually high volume on Feb. 28, as the stock lost 1.79% to close at $19.75. On the day, Dana Incorporated saw 3.77 million shares trade hands on 11,867 trades. Considering that the stock averages only a daily volume of 1.96 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 $27.81 and $12.65 over the last 52-weeks, its 50-day SMA is now $16.58, and its 200-day SMA $18.46. Dana Incorporated has a P/B ratio of 2.11. It also has a P/E ratio of 7.1.

Dana Inc 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 Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Drive and Motion Technologies (Off-Highway) and Power Technologies. Dana operates in 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 30,900 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.

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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.

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