Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Stock Price Down 6.4% – What’s Next?

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) fell 6.4% during mid-day trading on Friday . The company traded as low as $500.92 and last traded at $486.8140. 26,056 shares were traded during mid-day trading, a decline of 70% from the average session volume of 87,979 shares. The stock had previously closed at $520.03.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on DJCO shares. Wall Street Zen downgraded 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 analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Daily Journal Corp. (S.C.) Trading Down 5.2%

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 cap of $680.21 million, a price-to-earnings ratio of 7.27 and a beta of 0.82. The company’s fifty day moving average is $564.45 and its two-hundred day moving average is $490.45.

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

Institutional Investors Weigh In On Daily Journal Corp. (S.C.)

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue purchased a new position in shares of Daily Journal Corp. (S.C.) during the 3rd quarter valued at about $27,000. Advisory Services Network LLC purchased a new stake in shares of Daily Journal Corp. (S.C.) in the third quarter worth about $36,000. Strs Ohio purchased a new stake in shares of Daily Journal Corp. (S.C.) in the fourth quarter worth about $49,000. Parallel Advisors LLC grew its holdings in Daily Journal Corp. (S.C.) by 178.9% during the fourth 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 Daily Journal Corp. (S.C.) during the fourth quarter valued at approximately $55,000. 51.23% of the stock is owned by institutional investors and hedge funds.

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.