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Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Stock Price Passes Above 200 Day Moving Average - Here's What Happened

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

Key Points

  • Daily Journal Corp. (S.C.) shares have crossed above their 200-day moving average of $403.66, trading at $415.42 and reached a peak of $420.50.
  • The company reported a net margin of 144.24% and a return on equity of 28.88%, indicating strong profitability.
  • Institutional investors now hold 51.23% of Daily Journal Corp. (S.C.) stock, with significant increases in holdings by firms like RWWM Inc. and Dimensional Fund Advisors LP.
  • Looking to export and analyze Daily Journal Corp. (S.C.) data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Shares of Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $403.66 and traded as high as $420.50. Daily Journal Corp. (S.C.) shares last traded at $415.42, with a volume of 65,476 shares traded.

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

The company has a market capitalization of $581.40 million, a price-to-earnings ratio of 5.50 and a beta of 0.82. The company has a 50-day moving average price of $407.89 and a 200-day moving average price of $401.71. The company has a debt-to-equity ratio of 0.08, a quick ratio of 15.14 and a current ratio of 15.14.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The company reported $32.43 earnings per share for the quarter. Daily Journal Corp. (S.C.) had a return on equity of 28.88% and a net margin of 144.24%. The business had revenue of $18.18 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DJCO. AlphaQuest LLC bought a new stake in shares of Daily Journal Corp. (S.C.) during the 1st quarter worth $110,000. Entropy Technologies LP bought a new stake in shares of Daily Journal Corp. (S.C.) during the 2nd quarter worth $211,000. ProShare Advisors LLC bought a new stake in shares of Daily Journal Corp. (S.C.) during the 4th quarter worth $222,000. Intech Investment Management LLC lifted its position in shares of Daily Journal Corp. (S.C.) by 11.9% during 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 during the last quarter. Finally, Strs Ohio bought a new stake in shares of Daily Journal Corp. (S.C.) during the 1st quarter worth $278,000. 51.23% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading

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