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

Key Points

• Wall Street Zen downgraded Daily Journal Corp. from “hold” to “sell,” while Weiss Ratings also lowered its assessment; MarketBeat’s consensus rating remains “Hold.”
• DJCO reported a quarterly loss of $7.90 per share on $26.98 million in revenue, with negative net margin and return on equity.
• The stock opened at $661.90, near its 52-week high of $674.75, and institutional investors own approximately 51.23% of outstanding shares.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings lowered shares of Daily Journal Corp. (S.C.) from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, August 14th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold".

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

NASDAQ:DJCO opened at $661.90 on Friday. The stock has a market capitalization of $913.42 million, a PE ratio of -80.52 and a beta of 0.85. Daily Journal Corp. has a 1-year low of $348.63 and a 1-year high of $674.75. The firm has a fifty day simple moving average of $598.57 and a 200 day simple moving average of $545.95. The company has a current ratio of 11.65, a quick ratio of 11.65 and a debt-to-equity ratio of 0.06.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($7.90) earnings per share (EPS) for the quarter. The firm had revenue of $26.98 million 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%.

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

Several institutional investors have recently made changes to their positions in DJCO. Advisory Services Network LLC bought a new stake in shares of Daily Journal Corp. (S.C.) during the third quarter worth $36,000. Parallel Advisors LLC boosted its stake in shares of Daily Journal Corp. (S.C.) by 178.9% during 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 in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Daily Journal Corp. (S.C.) during the fourth quarter valued at about $55,000. Quantbot Technologies LP bought a new stake in shares of Daily Journal Corp. (S.C.) during the second quarter worth about $58,000. Finally, Rockefeller Capital Management L.P. bought a new stake in shares of Daily Journal Corp. (S.C.) during the fourth quarter worth about $75,000. 51.23% of the stock is currently owned by institutional investors.

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.

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