Daily Journal (NASDAQ:DJCO) Sees Strong Trading Volume

Shares of Daily Journal Co. (NASDAQ:DJCO) saw an uptick in trading volume on Wednesday . 4,223 shares traded hands during trading, a decline of 50% from the previous session’s volume of 8,396 shares.The stock last traded at $381.78 and had previously closed at $384.59.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DJCO. TheStreet raised Daily Journal from a “c+” rating to a “b” rating in a research note on Monday, March 18th. StockNews.com raised Daily Journal from a “sell” rating to a “hold” rating in a research note on Tuesday.

Daily Journal Stock Down 0.7 %

The company has a 50-day simple moving average of $363.44 and a 200-day simple moving average of $342.43. The firm has a market cap of $537.04 million, a PE ratio of 24.13 and a beta of 0.94. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.97 and a quick ratio of 8.97.

Institutional Trading of Daily Journal

A number of large investors have recently modified their holdings of DJCO. Bank of New York Mellon Corp lifted its holdings in Daily Journal by 11.6% during the third quarter. Bank of New York Mellon Corp now owns 5,032 shares of the company’s stock worth $1,479,000 after buying an additional 522 shares during the period. RWWM Inc. lifted its holdings in Daily Journal by 6.7% during the third quarter. RWWM Inc. now owns 323,892 shares of the company’s stock worth $95,224,000 after buying an additional 20,197 shares during the period. Vanguard Group Inc. lifted its holdings in Daily Journal by 1.2% during the third quarter. Vanguard Group Inc. now owns 60,010 shares of the company’s stock worth $17,643,000 after buying an additional 740 shares during the period. SG Americas Securities LLC lifted its holdings in Daily Journal by 33.6% during the fourth quarter. SG Americas Securities LLC now owns 696 shares of the company’s stock worth $237,000 after buying an additional 175 shares during the period. Finally, Mutual Advisors LLC acquired a new position in shares of Daily Journal during the fourth quarter worth $222,000. Hedge funds and other institutional investors own 51.23% of the company’s stock.

Daily Journal 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.