Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Stock Price Down 7.9% – What’s Next?

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) dropped 7.9% on Thursday . The stock traded as low as $489.20 and last traded at $500.86. Approximately 60,416 shares were traded during trading, a decline of 28% from the average daily volume of 83,358 shares. The stock had previously closed at $543.99.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DJCO. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Daily Journal Corp. (S.C.) in a report on Wednesday, January 21st. Wall Street Zen downgraded Daily Journal Corp. (S.C.) from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

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

The firm has a market capitalization of $706.02 million, a P/E ratio of 7.55 and a beta of 0.82. The company has a fifty day moving average of $562.53 and a 200 day moving average of $487.65. The company has a debt-to-equity ratio of 0.05, a current ratio of 16.31 and a quick ratio of 16.31.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) last issued its quarterly earnings results on Tuesday, February 17th. The company reported ($5.79) earnings per share (EPS) for the quarter. Daily Journal Corp. (S.C.) had a return on equity of 25.60% and a net margin of 104.17%.The firm had revenue of $19.54 million during the quarter.

Institutional Investors Weigh In On Daily Journal Corp. (S.C.)

Several institutional investors and hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue bought a new stake in Daily Journal Corp. (S.C.) in the third quarter worth approximately $27,000. Advisory Services Network LLC bought a new stake in shares of Daily Journal Corp. (S.C.) in the 3rd quarter valued at $36,000. Strs Ohio bought a new stake in shares of Daily Journal Corp. (S.C.) in the 4th quarter valued at $49,000. Parallel Advisors LLC lifted its position in shares of Daily Journal Corp. (S.C.) by 178.9% during the 4th quarter. Parallel Advisors LLC now owns 106 shares of the company’s stock valued at $52,000 after acquiring an additional 68 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new position in Daily Journal Corp. (S.C.) during the fourth quarter worth $55,000. Institutional investors own 51.23% of the company’s stock.

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.