Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Trading Down 4.6% – What’s Next?

Shares of Daily Journal Corp. (S.C.) (NASDAQ:DJCO) fell 4.6% on Wednesday . The company traded as low as $492.05 and last traded at $484.84. 107,646 shares changed hands during mid-day trading, an increase of 12% from the average session volume of 95,888 shares. The stock had previously closed at $508.21.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Daily Journal Corp. (S.C.) in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Daily Journal Corp. (S.C.) Price Performance

The business’s 50-day simple moving average is $450.27 and its two-hundred day simple moving average is $436.95. The stock has a market cap of $665.69 million, a price-to-earnings ratio of 5.93 and a beta of 0.94. The company has a debt-to-equity ratio of 0.07, a current ratio of 12.42 and a quick ratio of 12.41.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) last announced its quarterly earnings results on Monday, December 29th. The company reported $30.61 earnings per share (EPS) for the quarter. Daily Journal Corp. (S.C.) had a net margin of 127.86% and a return on equity of 34.57%. The company had revenue of $28.41 million during the quarter.

Institutional Trading of Daily Journal Corp. (S.C.)

Hedge funds have recently made changes to their positions in the company. Strs Ohio bought a new stake in Daily Journal Corp. (S.C.) during the 1st quarter worth approximately $278,000. Everett Harris & Co. CA grew its holdings in Daily Journal Corp. (S.C.) by 125.1% during the 2nd quarter. Everett Harris & Co. CA now owns 2,339 shares of the company’s stock worth $988,000 after acquiring an additional 1,300 shares during the period. RWWM Inc. grew its stake in Daily Journal Corp. (S.C.) by 2.9% during the second quarter. RWWM Inc. now owns 334,902 shares of the company’s stock worth $141,412,000 after purchasing an additional 9,483 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Daily Journal Corp. (S.C.) in the 2nd quarter valued at $426,000. Finally, Quantbot Technologies LP increased its stake in Daily Journal Corp. (S.C.) by 445.9% in the second quarter. Quantbot Technologies LP now owns 4,968 shares of the company’s stock valued at $2,098,000 after purchasing an additional 4,058 shares in the last quarter. 51.23% of the stock is owned by institutional investors and hedge funds.

About Daily Journal Corp. (S.C.)

Daily Journal Corporation (NASDAQ: DJCO) is a diversified media and technology company headquartered in Los Angeles, California. The company operates in two primary segments: legal publishing and software solutions. Its publishing arm produces the Los Angeles Daily Journal and the San Francisco Daily Journal, which provide daily coverage of legal news, court decisions, opinion pieces and public notices to attorneys, judges and legal professionals across California.

In addition to its flagship newspapers, Daily Journal Corp.