Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Shares Pass Below 200 Day Moving Average – Here’s Why

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $491.31 and traded as low as $477.74. Daily Journal Corp. (S.C.) shares last traded at $491.76, with a volume of 59,881 shares.

Analyst Ratings Changes

A number of brokerages recently issued reports on DJCO. Wall Street Zen cut Daily Journal Corp. (S.C.) from a “hold” rating to a “sell” rating in a research report 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, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

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

The company has a debt-to-equity ratio of 0.05, a quick ratio of 16.31 and a current ratio of 16.31. The company has a market capitalization of $677.65 million, a PE ratio of 7.26 and a beta of 0.82. The company’s 50-day simple moving average is $539.60 and its 200-day simple moving average is $491.32.

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

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC lifted its position in Daily Journal Corp. (S.C.) by 924.9% during the 4th quarter. Millennium Management LLC now owns 23,347 shares of the company’s stock worth $11,377,000 after acquiring an additional 21,069 shares during the period. Advisory Research Inc. raised its stake in shares of Daily Journal Corp. (S.C.) by 51.9% during the third quarter. Advisory Research Inc. now owns 57,467 shares of the company’s stock worth $26,730,000 after purchasing an additional 19,627 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Daily Journal Corp. (S.C.) by 154.3% during the third quarter. BNP Paribas Financial Markets now owns 25,825 shares of the company’s stock worth $12,012,000 after purchasing an additional 15,668 shares during the last quarter. AltraVue Capital LLC lifted its holdings in shares of Daily Journal Corp. (S.C.) by 31.7% during the third quarter. AltraVue Capital LLC now owns 56,759 shares of the company’s stock worth $26,401,000 after purchasing an additional 13,660 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in shares of Daily Journal Corp. (S.C.) during the fourth quarter worth $6,263,000. 51.23% of the stock is owned by hedge funds and other 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.