Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Daily Journal Corp. (S.C.) (NASDAQ:DJCO) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $490.45 and traded as high as $532.29. Daily Journal Corp. (S.C.) shares last traded at $520.03, with a volume of 118,854 shares traded.

Analysts Set New Price Targets

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

Daily Journal Corp. (S.C.) Stock Down 4.5%

The company has a current ratio of 16.31, a quick ratio of 16.31 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $684.15 million, a price-to-earnings ratio of 7.33 and a beta of 0.82. The firm has a 50 day moving average price of $564.34 and a two-hundred day moving average price of $490.72.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) last posted its 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 business had revenue of $19.54 million for the quarter.

Hedge Funds Weigh In On Daily Journal Corp. (S.C.)

A number of hedge funds have recently made changes to their positions in the business. Royal Bank of Canada lifted its holdings in shares of Daily Journal Corp. (S.C.) by 124.1% during the 1st quarter. Royal Bank of Canada now owns 1,423 shares of the company’s stock valued at $566,000 after acquiring an additional 788 shares in the last quarter. AQR Capital Management LLC increased its holdings in Daily Journal Corp. (S.C.) by 26.3% in the 1st quarter. AQR Capital Management LLC now owns 2,362 shares of the company’s stock valued at $939,000 after purchasing an additional 492 shares in the last quarter. Jane Street Group LLC purchased a new position in Daily Journal Corp. (S.C.) in the first quarter valued at about $383,000. Los Angeles Capital Management LLC purchased a new position in Daily Journal Corp. (S.C.) in the second quarter valued at about $426,000. Finally, Intech Investment Management LLC lifted its stake in shares of Daily Journal Corp. (S.C.) by 11.9% during the second quarter. Intech Investment Management LLC now owns 600 shares of the company’s stock worth $253,000 after purchasing an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 51.23% of the company’s stock.

Daily Journal Corp. (S.C.) Company Profile

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.