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

Key Points

• Daily Journal Corp. (S.C.) shares dropped below their 200-day moving average at $418.37, trading as low as $413.07, indicating potential selling pressure.
• Analysts maintain a consensus rating of "Hold" for the stock, with Weiss Ratings reaffirming this assessment in a recent report.
• The company reported $10.47 earnings per share for the last quarter, with a high net margin of 122.18%, showing strong profitability despite current trading challenges.

Shares of Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Get Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $418.37 and traded as low as $413.07. Daily Journal Corp. (S.C.) shares last traded at $413.07, with a volume of 360,397 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Daily Journal Corp. (S.C.) in a research note on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Daily Journal Corp. (S.C.) has a consensus rating of "Hold".

Daily Journal Corp. (S.C.) Trading Down 2.3%

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 capitalization of $570.04 million, a price-to-earnings ratio of 5.88 and a beta of 0.83. The company has a 50 day moving average price of $449.51 and a two-hundred day moving average price of $418.37.

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. 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 during the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DJCO. Nuveen LLC acquired a new position in Daily Journal Corp. (S.C.) in the 1st quarter valued at $1,254,000. American Century Companies Inc. raised its stake in Daily Journal Corp. (S.C.) by 9.7% in the 1st quarter. American Century Companies Inc. now owns 2,785 shares of the company's stock valued at $1,108,000 after purchasing an additional 247 shares during the last quarter. Quantbot Technologies LP raised its stake in Daily Journal Corp. (S.C.) by 62.8% in the 1st quarter. Quantbot Technologies LP now owns 910 shares of the company's stock valued at $362,000 after purchasing an additional 351 shares during the last quarter. AlphaQuest LLC acquired a new position in Daily Journal Corp. (S.C.) in the 1st quarter valued at $110,000. Finally, Royal Bank of Canada raised its stake in Daily Journal Corp. (S.C.) by 124.1% in the 1st quarter. Royal Bank of Canada now owns 1,423 shares of the company's stock valued at $566,000 after purchasing an additional 788 shares during the last quarter. 51.23% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.