Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Stock Rating Lowered by Wall Street Zen

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings lowered Daily Journal Corp. (S.C.) from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, October 28th. One research 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 Up 0.3%

Shares of Daily Journal Corp. (S.C.) stock opened at $642.22 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 11.65 and a current ratio of 11.65. The business has a 50-day moving average of $635.41 and a two-hundred day moving average of $566.71. Daily Journal Corp. has a 1 year low of $375.00 and a 1 year high of $692.50.

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

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

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new position in Daily Journal Corp. (S.C.) during the second quarter worth about $63,501,000. Renaissance Technologies LLC grew its position in Daily Journal Corp. (S.C.) by 4.0% during the first quarter. Renaissance Technologies LLC now owns 13,371 shares of the company’s stock worth $6,449,000 after buying an additional 520 shares in the last quarter. Bank of America Corp DE raised its holdings in Daily Journal Corp. (S.C.) by 51.6% during the 1st quarter. Bank of America Corp DE now owns 11,971 shares of the company’s stock valued at $5,774,000 after buying an additional 4,077 shares during the last quarter. Principal Financial Group Inc. purchased a new position in Daily Journal Corp. (S.C.) during the first quarter valued at $4,169,000. Finally, Bank of New York Mellon Corp bought a new stake in Daily Journal Corp. (S.C.) in the 2nd quarter worth approximately $2,815,000. 51.23% of the stock is currently owned by institutional investors and hedge funds.

About Daily Journal Corp. (S.C.)

Daily Journal Corp. is a California-based media and software company that operates through newspaper publishing, legal and government software, and an investment portfolio. Its publishing business produces legal, business, and community newspapers and related digital content, primarily serving markets in California and Arizona.

Through its Journal Technologies subsidiary, the company develops and provides case-management and workflow software for courts and other justice-related organizations.