Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Trading Down 7.9% – Here’s Why

Daily Journal Corp. (S.C.) (NASDAQ:DJCO)’s stock price traded down 7.9% during trading on Thursday . The company traded as low as $489.20 and last traded at $500.86. 60,416 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 83,358 shares. The stock had previously closed at $543.99.

Analyst Upgrades and Downgrades

Several analysts have issued reports on DJCO shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Daily Journal Corp. (S.C.) in a research report on Wednesday, January 21st. Wall Street Zen lowered Daily Journal Corp. (S.C.) from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

Daily Journal Corp. (S.C.) Stock Down 0.1%

The company has a debt-to-equity ratio of 0.05, a current ratio of 16.31 and a quick ratio of 16.31. The business’s fifty day moving average price is $562.06 and its two-hundred day moving average price is $488.40. The stock has a market capitalization of $705.68 million, a PE ratio of 7.55 and a beta of 0.82.

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

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

A number of institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue acquired a new stake in shares of Daily Journal Corp. (S.C.) in the third quarter valued at about $27,000. Advisory Services Network LLC acquired a new position in shares of Daily Journal Corp. (S.C.) during the 3rd quarter worth about $36,000. Strs Ohio purchased a new position in Daily Journal Corp. (S.C.) in the 4th quarter valued at about $49,000. Parallel Advisors LLC lifted its stake in Daily Journal Corp. (S.C.) by 178.9% in the 4th quarter. Parallel Advisors LLC now owns 106 shares of the company’s stock valued at $52,000 after buying an additional 68 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Daily Journal Corp. (S.C.) in the 4th quarter worth about $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.