Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Sees Strong Trading Volume - Here's What Happened

Key Points

• Daily Journal Corp. (S.C.) experienced a significant surge in trading volume, with 224,127 shares traded, marking a 319% increase from the previous session.
• The company's stock price declined 1.5%, closing at $417.44, down from the previous close of $429.48.
• Weiss Ratings reaffirmed a "hold (c+)" rating on Daily Journal Corp., with analysts generally maintaining a "Hold" rating for the stock.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Get Free Report) saw strong trading volume on Friday . 224,127 shares changed hands during trading, an increase of 319% from the previous session's volume of 53,486 shares.The stock last traded at $417.44 and had previously closed at $429.48.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Daily Journal Corp. (S.C.) in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Hold".

Daily Journal Corp. (S.C.) Trading Down 1.5%

The company has a market cap of $584.06 million, a PE ratio of 6.03 and a beta of 0.83. The company has a debt-to-equity ratio of 0.07, a quick ratio of 12.41 and a current ratio of 12.42. The company has a 50 day simple moving average of $449.19 and a two-hundred day simple moving average of $417.48.

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

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

Large investors have recently made changes to their positions in the business. AlphaQuest LLC acquired a new position in shares of Daily Journal Corp. (S.C.) in the 1st quarter valued at about $110,000. Entropy Technologies LP acquired a new position in Daily Journal Corp. (S.C.) in the 2nd quarter worth about $211,000. Intech Investment Management LLC increased its position in Daily Journal Corp. (S.C.) by 11.9% in the 2nd quarter. Intech Investment Management LLC now owns 600 shares of the company's stock worth $253,000 after purchasing an additional 64 shares during the last quarter. Strs Ohio acquired a new position in Daily Journal Corp. (S.C.) in the 1st quarter worth about $278,000. Finally, XTX Topco Ltd acquired a new position in Daily Journal Corp. (S.C.) in the 2nd quarter worth about $314,000. Institutional investors and hedge funds 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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