Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Shares Down 4% – Here’s Why

Daily Journal Corp. (S.C.) (NASDAQ:DJCO)’s share price was down 4% on Tuesday . The stock traded as low as $475.00 and last traded at $470.7950. Approximately 39,073 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 89,383 shares. The stock had previously closed at $490.32.

Wall Street Analysts Forecast Growth

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

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

The firm has a market capitalization of $670.80 million, a PE ratio of 7.18 and a beta of 0.82. 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 company has a fifty day moving average price of $536.27 and a two-hundred day moving average price of $491.70.

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

Institutional Inflows and Outflows

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

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.