Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Reaches New 52-Week High – Time to Buy?

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $632.48 and last traded at $629.01, with a volume of 97453 shares trading hands. The stock had previously closed at $608.54.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Daily Journal Corp. (S.C.) in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Daily Journal Corp. (S.C.) currently has an average rating of “Hold”.

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

The company has a debt-to-equity ratio of 0.06, a quick ratio of 13.89 and a current ratio of 13.89. The company has a market capitalization of $895.62 million, a PE ratio of 7.97 and a beta of 0.82. The company’s 50-day simple moving average is $486.37 and its 200-day simple moving average is $449.21.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) last announced its earnings results on Monday, December 29th. The company reported $30.61 earnings per share for the quarter. Daily Journal Corp. (S.C.) had a net margin of 127.86% and a return on equity of 32.88%. The business had revenue of $28.41 million during the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Strs Ohio purchased a new stake in shares of Daily Journal Corp. (S.C.) in the first quarter valued at about $278,000. Everett Harris & Co. CA lifted its position in Daily Journal Corp. (S.C.) by 125.1% in the second quarter. Everett Harris & Co. CA now owns 2,339 shares of the company’s stock valued at $988,000 after purchasing an additional 1,300 shares during the period. RWWM Inc. boosted its holdings in Daily Journal Corp. (S.C.) by 2.9% in the 2nd quarter. RWWM Inc. now owns 334,902 shares of the company’s stock valued at $141,412,000 after purchasing an additional 9,483 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Daily Journal Corp. (S.C.) during the 2nd quarter worth approximately $426,000. Finally, Pacer Advisors Inc. acquired a new position in Daily Journal Corp. (S.C.) during the 3rd quarter worth approximately $605,000. 51.23% of the stock is currently owned by hedge funds and other institutional investors.

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

Daily Journal Corporation (NASDAQ: DJCO) is a diversified media and technology company headquartered in Los Angeles, California. The company operates in two primary segments: legal publishing and software solutions. Its publishing arm produces the Los Angeles Daily Journal and the San Francisco Daily Journal, which provide daily coverage of legal news, court decisions, opinion pieces and public notices to attorneys, judges and legal professionals across California.

In addition to its flagship newspapers, Daily Journal Corp.