Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Daily Journal Corp. (S.C.) (NASDAQ:DJCO)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $507.67 and traded as low as $485.53. Daily Journal Corp. (S.C.) shares last traded at $491.90, with a volume of 17,508 shares traded.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Daily Journal Corp. (S.C.) in a research report on Wednesday, January 21st. 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. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

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

The stock has a market cap of $678.82 million, a PE ratio of 7.26 and a beta of 0.89. The company has a quick ratio of 16.31, a current ratio of 16.31 and a debt-to-equity ratio of 0.05. The firm has a 50 day moving average price of $512.17 and a 200 day moving average price of $507.67.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) last announced 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 net margin of 104.17% and a return on equity of 25.60%.

Hedge Funds Weigh In On Daily Journal Corp. (S.C.)

Several institutional investors have recently made changes to their positions in DJCO. State of Alaska Department of Revenue purchased a new position in shares of Daily Journal Corp. (S.C.) during the third quarter valued at $27,000. Advisory Services Network LLC purchased a new position in Daily Journal Corp. (S.C.) in the third quarter valued at about $36,000. Strs Ohio purchased a new position in Daily Journal Corp. (S.C.) in the fourth quarter valued at about $49,000. Parallel Advisors LLC grew its stake in Daily Journal Corp. (S.C.) by 178.9% in the fourth quarter. Parallel Advisors LLC now owns 106 shares of the company’s stock valued at $52,000 after purchasing an additional 68 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Daily Journal Corp. (S.C.) in the fourth quarter valued at about $55,000. Hedge funds and other institutional investors own 51.23% of the company’s stock.

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.