Wall Street Zen Upgrades Daily Journal Corp. (S.C.) (NASDAQ:DJCO) to Hold

Key Points

• Wall Street Zen upgraded Daily Journal Corp. (NASDAQ: DJCO) from “Sell” to “Hold,” while Weiss Ratings also modestly improved its rating. The stock’s consensus rating is “Hold.”
• DJCO opened at $642.18, with an $886.21 million market capitalization and a 52-week range of $348.63 to $692.50. Its shares trade above both the 50-day and 200-day moving averages.
• The company reported a quarterly loss of $7.90 per share on $26.98 million in revenue, alongside negative net margin and return on equity. Institutional investors and hedge funds own approximately 51.23% of the stock.

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

Separately, Weiss Ratings raised shares of Daily Journal Corp. (S.C.) from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company has an average rating of "Hold".

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

NASDAQ DJCO opened at $642.18 on Friday. The firm has a market capitalization of $886.21 million, a P/E ratio of -78.12 and a beta of 0.83. The company has a current ratio of 11.65, a quick ratio of 11.65 and a debt-to-equity ratio of 0.06. The firm's fifty day moving average price is $627.48 and its two-hundred day moving average price is $566.44. Daily Journal Corp. has a 1 year low of $348.63 and a 1 year high of $692.50.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported ($7.90) EPS for the quarter. The business 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%.

Hedge Funds Weigh In On Daily Journal Corp. (S.C.)

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quantbot Technologies LP bought a new position in shares of Daily Journal Corp. (S.C.) in the second quarter valued at $58,000. Strs Ohio grew its holdings in shares of Daily Journal Corp. (S.C.) by 100.0% during the first quarter. Strs Ohio now owns 200 shares of the company's stock valued at $96,000 after buying an additional 100 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Daily Journal Corp. (S.C.) during the fourth quarter worth about $55,000. Entropy Technologies LP increased its position in shares of Daily Journal Corp. (S.C.) by 22.2% during the first quarter. Entropy Technologies LP now owns 660 shares of the company's stock worth $318,000 after acquiring an additional 120 shares in the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new stake in shares of Daily Journal Corp. (S.C.) in the 4th quarter worth about $75,000. 51.23% of the stock is currently owned by institutional investors and hedge funds.

About Daily Journal Corp. (S.C.)

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.

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