Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $539.52 and traded as high as $603.91. Daily Journal Corp. (S.C.) shares last traded at $598.76, with a volume of 31,063 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Daily Journal Corp. (S.C.) from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

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

The business’s 50 day moving average is $566.58 and its 200-day moving average is $539.13. The firm has a market capitalization of $779.27 million, a P/E ratio of 55.63 and a beta of 0.84. The company has a quick ratio of 15.42, a current ratio of 15.42 and a debt-to-equity ratio of 0.06.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($25.14) EPS for the quarter. Daily Journal Corp. (S.C.) had a net margin of 14.83% and a return on equity of 3.79%. The firm had revenue of $22.72 million for the quarter.

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

Several institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. acquired a new position in shares of Daily Journal Corp. (S.C.) during the first quarter worth $4,169,000. Legato Capital Management LLC lifted its stake in shares of Daily Journal Corp. (S.C.) by 18.2% in the 4th quarter. Legato Capital Management LLC now owns 14,217 shares of the company’s stock valued at $6,928,000 after acquiring an additional 2,190 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Daily Journal Corp. (S.C.) during the 1st quarter valued at $444,000. UBS Group AG boosted its holdings in shares of Daily Journal Corp. (S.C.) by 164.7% during the 4th quarter. UBS Group AG now owns 12,450 shares of the company’s stock valued at $6,067,000 after acquiring an additional 7,747 shares in the last quarter. Finally, AltraVue Capital LLC grew its position in Daily Journal Corp. (S.C.) by 17.7% during the 4th quarter. AltraVue Capital LLC now owns 66,819 shares of the company’s stock worth $32,562,000 after acquiring an additional 10,060 shares during the last quarter. 51.23% of the stock is currently owned by institutional investors.

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.