Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Sees Large Volume Increase - Still a Buy?

Key Points

• Daily Journal Corp. (S.C.) experienced a significant trading volume increase of 208%, with approximately 138,017 shares changing hands on Thursday.
• Analysts from Weiss Ratings have reissued a "hold (c+)" rating for the stock, reflecting a cautious outlook, with an overall average rating of "Hold" from analysts.
• The company reported a quarterly revenue of $23.41 million and an EPS of $10.47, alongside a robust return on equity of 30.90%.

Shares of Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 138,017 shares traded hands during trading, an increase of 208% from the previous session's volume of 44,841 shares.The stock last traded at $432.02 and had previously closed at $438.52.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a "hold (c+)" rating on shares of Daily Journal Corp. (S.C.) in a report on Wednesday. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of "Hold".

Daily Journal Corp. (S.C.) Trading Up 0.4%

The company has a market capitalization of $607.52 million, a P/E ratio of 6.27 and a beta of 0.83. The company has a debt-to-equity ratio of 0.07, a current ratio of 12.42 and a quick ratio of 12.41. The firm has a fifty day moving average price of $447.29 and a 200-day moving average price of $416.75.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The company reported $10.47 EPS for the quarter. Daily Journal Corp. (S.C.) had a return on equity of 30.90% and a net margin of 122.18%.The business had revenue of $23.41 million for the quarter.

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

Institutional investors have recently bought and sold shares of the company. AlphaQuest LLC purchased a new stake in shares of Daily Journal Corp. (S.C.) during the first quarter worth $110,000. Entropy Technologies LP purchased a new stake in shares of Daily Journal Corp. (S.C.) during the second quarter worth $211,000. Intech Investment Management LLC lifted its position in shares of Daily Journal Corp. (S.C.) by 11.9% during the second quarter. Intech Investment Management LLC now owns 600 shares of the company's stock worth $253,000 after acquiring an additional 64 shares in the last quarter. Strs Ohio purchased a new stake in shares of Daily Journal Corp. (S.C.) during the first quarter worth $278,000. Finally, XTX Topco Ltd purchased a new stake in shares of Daily Journal Corp. (S.C.) during the second quarter worth $314,000. Hedge funds and other institutional investors own 51.23% of the company's stock.

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

Daily Journal Corporation operates in publishing of newspapers and websites covering in California, Arizona, Utah, and Australia. It operates in two segments, Traditional Business and Journal Technologies. The company publishes 10 newspapers of general circulation, including Los Angeles Daily Journal, San Francisco Daily Journal, Daily Commerce, The Daily Recorder, The Inter-City Express, San Jose Post-Record, Orange County Reporter, Business Journal, The Daily Transcript, and The Record Reporter.

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