Boston, MA, 07/01/2013 (financialstrend) – DANA Holding Corporation (NYSE:DAN) is highly committed to its expansion and offering of its customized drivetrain solutions in the markets of Russia and Commonwealth Independent States. The company is expected to announce its future steps to boost up its ongoing support activity to the ever expanding construction market in these regions. Presently, DANA Holding Corporation (NYSE:DAN) is increasing its local resources in Russia and Commonwealth Independent States through active expansion of its network of Authorized Spicer Off Highway Service Centers. The company is also focusing on the strengthening of capabilities at the Dana Distribution center located in Gyor, Hungary to provide for the improvement of delivery of original equipment service parts.
Shares of DANA Holding Corporation (NYSE:DAN) surged by 5.77 percent to close at $19.26 on Friday. The opening price for the stock was at $19.17 per share and thereafter fluctuated between $18.86 and $19.76 throughout the day. The 52 week low price of DANA Holding Corporation (NYSE:DAN) is at $11.13 and 52 week high is readjusted to new value at $19.76 per share.
With around 164.84 million shares outstanding in the market, DANA Holding Corporation (NYSE:DAN) presently has a market cap of $2.83 billion. The company had witnessed the trade on 8.15 million shares on Friday, which was huge compared to the average trading volume at 1.94 million shares per day. The institutional investors contribute to around 105 percent of the total capital of DANA Holding Corporation (NYSE:DAN).
DANA Holding Corporation (NYSE:DAN) serves the requirements of vehicle manufacturers in the on-highway and off-highway markets through its technology driveline, thermal management and sealing products at the international markets. The company operates its business through four major segments namely Light Vehicle Driveline Technologies segment, Off Highway Driveline Technologies Segment, Commercial Vehicle Driveline Technologies segment and finally the Power Technologies Segment.