Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Daily Journal Corp. (S.C.) (NASDAQ:DJCO) from a sell rating to a hold rating in a research report report published on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings upgraded Daily Journal Corp. (S.C.) from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday. One research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

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

Daily Journal Corp. (S.C.) stock opened at $642.18 on Friday. The company has a quick ratio of 11.65, a current ratio of 11.65 and a debt-to-equity ratio of 0.06. Daily Journal Corp. has a 52-week low of $348.63 and a 52-week high of $692.50. The firm has a market cap of $886.21 million, a PE ratio of -78.12 and a beta of 0.83. The company’s 50 day moving average is $627.48 and its two-hundred day moving average is $566.44.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($7.90) EPS for the quarter. Daily Journal Corp. (S.C.) had a negative return on equity of 3.11% and a negative net margin of 11.63%. The business had revenue of $26.98 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DJCO. Corient Private Wealth LP purchased a new stake in Daily Journal Corp. (S.C.) during the 2nd quarter worth about $2,597,000. BlackRock Inc. acquired a new stake in shares of Daily Journal Corp. (S.C.) during the 2nd quarter worth about $63,501,000. Principal Financial Group Inc. acquired a new stake in shares of Daily Journal Corp. (S.C.) during the 1st quarter worth about $4,169,000. Bank of New York Mellon Corp purchased a new stake in Daily Journal Corp. (S.C.) during the second quarter worth approximately $2,815,000. Finally, Bank of America Corp DE purchased a new stake in Daily Journal Corp. (S.C.) during the second quarter worth approximately $1,140,000. Institutional investors and hedge funds own 51.23% of the company’s stock.

Daily Journal Corp. (S.C.) Company Profile

Daily Journal Corporation is a Los Angeles-based media and software company. Its traditional publishing business produces legal and business newspapers, including the Daily Journal, and provides specialized print and online information services for attorneys, courts, and other professional users.

Through its Journal Technologies subsidiary, the company develops and supplies case-management and workflow software for courts, prosecutors, public defenders, probation departments, and other justice-related agencies.