Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Trading Down 5.7% - What's Next?

Key Points

• Daily Journal Corp. (S.C.) shares fell by 5.7%, trading as low as $433.71 after closing at $460.13.
• Weiss Ratings maintained a "hold" rating for the stock, which currently has a consensus rating of "Hold."
• The company reported a net margin of 122.18% with earnings per share of $10.47 for the last quarter.

Shares of Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Get Free Report) traded down 5.7% during mid-day trading on Friday . The company traded as low as $437.15 and last traded at $433.71. 53,823 shares were traded during trading, an increase of 25% from the average session volume of 43,040 shares. The stock had previously closed at $460.13.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Daily Journal Corp. (S.C.) in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of "Hold".

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

The firm has a market cap of $568.64 million, a P/E ratio of 5.87 and a beta of 0.83. The firm has a 50-day simple moving average of $445.40 and a 200-day simple moving average of $416.02. The company has a current ratio of 12.42, a quick ratio of 12.41 and a debt-to-equity ratio of 0.07.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Get Free Report) last issued its quarterly 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 for the quarter.

Institutional Investors Weigh In On Daily Journal Corp. (S.C.)

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. AlphaQuest LLC purchased a new stake in shares of Daily Journal Corp. (S.C.) during the 1st quarter worth about $110,000. Entropy Technologies LP acquired a new position in Daily Journal Corp. (S.C.) during the second quarter worth about $211,000. Intech Investment Management LLC boosted its stake in 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 buying an additional 64 shares during the last quarter. Strs Ohio purchased a new stake in shares of Daily Journal Corp. (S.C.) during the 1st quarter valued at approximately $278,000. Finally, XTX Topco Ltd acquired a new stake in shares of Daily Journal Corp. (S.C.) during 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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