Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Shares Down 5.2% - Here's Why

Key Points

• Daily Journal shares fell 5.2% to $571.43 in midday trading, with volume down 48% from its average. The stock’s market capitalization was approximately $787.4 million.
• Analyst sentiment remains cautious: recent ratings upgrades moved the stock from sell or lower hold classifications, but the consensus rating is still Hold.
• The company reported a quarterly loss of $7.90 per share on $26.98 million in revenue, alongside negative net margins and return on equity. Institutional investors own 51.23% of outstanding shares.

Shares of Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Get Free Report) fell 5.2% on Monday. The company traded as low as $573.44 and last traded at $571.43. Approximately 32,488 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 62,563 shares. The stock had previously closed at $602.99.

Wall Street Analysts Forecast Growth

DJCO has been the subject of a number of recent analyst reports. Weiss Ratings raised Daily Journal Corp. (S.C.) from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, October 8th. Wall Street Zen upgraded Daily Journal Corp. (S.C.) from a "sell" rating to a "hold" rating in a report on Saturday, October 10th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold".

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

The stock has a market cap of $787.43 million, a P/E ratio of -69.52 and a beta of 0.83. The company has a current ratio of 11.65, a quick ratio of 11.65 and a debt-to-equity ratio of 0.06. The firm's fifty day moving average is $632.05 and its 200 day moving average is $572.03.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($7.90) earnings per share (EPS) for the quarter. The firm had revenue of $26.98 million for the quarter. Daily Journal Corp. (S.C.) had a negative net margin of 11.63% and a negative return on equity of 3.11%.

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

Several hedge funds have recently added to or reduced their stakes in DJCO. Quantbot Technologies LP acquired a new stake in Daily Journal Corp. (S.C.) in the 2nd quarter valued at approximately $58,000. Caitong International Asset Management Co. Ltd bought a new position in Daily Journal Corp. (S.C.) in the 4th quarter worth approximately $55,000. Rockefeller Capital Management L.P. acquired a new position in shares of Daily Journal Corp. (S.C.) during the fourth quarter worth approximately $75,000. Strs Ohio lifted its holdings in shares of Daily Journal Corp. (S.C.) by 100.0% during the first quarter. Strs Ohio now owns 200 shares of the company's stock worth $96,000 after buying an additional 100 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Daily Journal Corp. (S.C.) during the second quarter worth approximately $209,000. Institutional investors own 51.23% of the company's stock.

Daily Journal Corp. (S.C.) Company Profile

Daily Journal Corporation is a Los Angeles-based media and software company. Its traditional publishing business produces legal and business newspapers, including the Daily Journal, and provides specialized print and online information services for attorneys, courts, and other professional users.

Through its Journal Technologies subsidiary, the company develops and supplies case-management and workflow software for courts, prosecutors, public defenders, probation departments, and other justice-related agencies.

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