Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Trading Down 3.6% – What’s Next?

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) shares fell 3.6% during trading on Friday . The stock traded as low as $591.05 and last traded at $592.50. 11,022 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 63,498 shares. The stock had previously closed at $614.70.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Daily Journal Corp. (S.C.) from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, August 14th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

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

The firm’s 50 day simple moving average is $577.13 and its 200 day simple moving average is $536.28. The firm has a market capitalization of $833.82 million, a price-to-earnings ratio of -73.51 and a beta of 0.84. The company has a debt-to-equity ratio of 0.06, a quick ratio of 11.65 and a current ratio of 11.65.

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

Institutional Trading of Daily Journal Corp. (S.C.)

A number of hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. acquired a new stake in shares of Daily Journal Corp. (S.C.) during the 1st quarter valued at about $4,169,000. Everett Harris & Co. CA acquired a new position in shares of Daily Journal Corp. (S.C.) during the 2nd quarter worth approximately $1,262,000. Legato Capital Management LLC raised its stake in shares of Daily Journal Corp. (S.C.) by 18.2% during the 4th quarter. Legato Capital Management LLC now owns 14,217 shares of the company’s stock worth $6,928,000 after buying an additional 2,190 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of Daily Journal Corp. (S.C.) during the 1st quarter valued at approximately $444,000. Finally, Quantinno Capital Management LP lifted its position in shares of Daily Journal Corp. (S.C.) by 311.5% during the 1st quarter. Quantinno Capital Management LP now owns 1,860 shares of the company’s stock valued at $897,000 after buying an additional 1,408 shares in the last quarter. Hedge funds and other institutional investors own 51.23% of the company’s stock.

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.