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Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Share Price Passes Below Two Hundred Day Moving Average - Should You Sell?

Daily Journal Corp. (S.C.) logo with Consumer Staples background

Key Points

  • Daily Journal Corp. (S.C.) shares have fallen below their 200-day moving average of $416.82, dropping to a low of $410.27 during trading.
  • Wall Street analysts have largely maintained a "hold" rating on the stock, with Weiss Ratings restating a hold (c+) rating recently.
  • The company reported earnings of $10.47 per share for the last quarter, highlighting a strong net margin of 122.18% and a return on equity of 30.90%.
  • Interested in Daily Journal Corp. (S.C.)? Here are five stocks we like better.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $416.82 and traded as low as $410.27. Daily Journal Corp. (S.C.) shares last traded at $417.12, with a volume of 399,391 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a "hold (c+)" rating on shares of Daily Journal Corp. (S.C.) in a research note on Wednesday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of "Hold".

Read Our Latest Stock Analysis on DJCO

Daily Journal Corp. (S.C.) Trading Down 5.2%

The firm has a fifty day moving average of $447.94 and a 200-day moving average of $416.82. 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 firm has a market cap of $575.63 million, a P/E ratio of 5.94 and a beta of 0.83.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Get Free Report) last announced its earnings results on Thursday, August 14th. The company reported $10.47 earnings per share for the quarter. The firm 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%.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Rhumbline Advisers raised its stake in shares of Daily Journal Corp. (S.C.) by 1.7% in the 1st quarter. Rhumbline Advisers now owns 2,062 shares of the company's stock worth $820,000 after buying an additional 34 shares in the last quarter. Intech Investment Management LLC raised its stake in shares of 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 buying an additional 64 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Daily Journal Corp. (S.C.) by 10.4% in the 2nd quarter. Legal & General Group Plc now owns 1,264 shares of the company's stock worth $534,000 after buying an additional 119 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Daily Journal Corp. (S.C.) by 7.8% in the 2nd quarter. American Century Companies Inc. now owns 3,001 shares of the company's stock worth $1,267,000 after buying an additional 216 shares in the last quarter. Finally, AlphaQuest LLC bought a new stake in shares of Daily Journal Corp. (S.C.) in the 1st quarter worth $110,000. Institutional investors own 51.23% of the company's stock.

About Daily Journal Corp. (S.C.)

(Get Free Report)

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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