Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Trading Up 7.3% – Should You Buy?

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) shot up 7.3% during mid-day trading on Tuesday . The stock traded as high as $501.62 and last traded at $501.12. 20,670 shares were traded during trading, a decline of 77% from the average session volume of 89,391 shares. The stock had previously closed at $466.95.

Wall Street Analysts Forecast Growth

DJCO has been the subject of a number of research reports. 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 shares of Daily Journal Corp. (S.C.) from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Daily Journal Corp. (S.C.) Trading Up 7.1%

The stock has a 50-day moving average price of $562.66 and a two-hundred day moving average price of $491.12. The stock has a market capitalization of $689.41 million, a PE ratio of 7.37 and a beta of 0.82. The company has a debt-to-equity ratio of 0.05, a quick ratio of 16.31 and a current ratio of 16.31.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) last released 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 firm had revenue of $19.54 million during the quarter.

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

Several institutional investors and hedge funds have recently modified their holdings of the company. Rockefeller Capital Management L.P. bought a new position in Daily Journal Corp. (S.C.) in the 4th quarter worth $75,000. Caitong International Asset Management Co. Ltd bought a new stake in Daily Journal Corp. (S.C.) during the fourth quarter valued at about $55,000. Virtu Financial LLC raised its holdings in Daily Journal Corp. (S.C.) by 39.6% during the fourth quarter. Virtu Financial LLC now owns 1,244 shares of the company’s stock valued at $606,000 after acquiring an additional 353 shares during the period. Invesco Ltd. lifted its position in shares of Daily Journal Corp. (S.C.) by 4.9% in the fourth quarter. Invesco Ltd. now owns 1,010 shares of the company’s stock valued at $492,000 after acquiring an additional 47 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC lifted its position in shares of Daily Journal Corp. (S.C.) by 367.4% in the fourth quarter. Susquehanna Fundamental Investments LLC now owns 7,478 shares of the company’s stock valued at $3,644,000 after acquiring an additional 5,878 shares in the last quarter. 51.23% of the stock is currently owned by institutional investors.

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.