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

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

Analysts Set New Price Targets

DJCO has been the subject of several research analyst reports. Weiss Ratings upgraded shares of Daily Journal Corp. (S.C.) from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Wall Street Zen raised shares of 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. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

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

The firm has a market cap of $787.43 million, a P/E ratio of -69.52 and a beta of 0.83. The company’s 50 day moving average is $632.05 and its two-hundred day moving average is $572.03. The company has a debt-to-equity ratio of 0.06, a current ratio of 11.65 and a quick ratio of 11.65.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($7.90) earnings per share (EPS) 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%. The firm had revenue of $26.98 million for the quarter.

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

A number of hedge funds have recently modified their holdings of the company. Engineers Gate Manager LP bought a new stake in shares of Daily Journal Corp. (S.C.) during the second quarter valued at approximately $583,000. Arizona State Retirement System bought a new position in Daily Journal Corp. (S.C.) in the 2nd quarter worth approximately $217,000. Corient Private Wealth LP raised its position in Daily Journal Corp. (S.C.) by 306.8% in the 2nd quarter. Corient Private Wealth LP now owns 4,243 shares of the company’s stock worth $2,551,000 after purchasing an additional 3,200 shares during the last quarter. Headlands Technologies LLC raised its position in Daily Journal Corp. (S.C.) by 43.0% in the 2nd quarter. Headlands Technologies LLC now owns 1,278 shares of the company’s stock worth $768,000 after purchasing an additional 384 shares during the last quarter. Finally, Susquehanna International Group LLP lifted its holdings in Daily Journal Corp. (S.C.) by 38.7% during the 2nd quarter. Susquehanna International Group LLP now owns 642 shares of the company’s stock worth $386,000 after buying an additional 179 shares in the last quarter. Institutional investors own 51.23% of the company’s stock.

About Daily Journal Corp. (S.C.)

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.