Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Stock Price Down 3.6% – What’s Next?

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) shares fell 3.6% during mid-day trading on Friday . The stock traded as low as $591.05 and last traded at $592.50. Approximately 11,022 shares were traded during trading, a decline of 83% from the average daily volume of 63,498 shares. The stock had previously closed at $614.70.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of Daily Journal Corp. (S.C.) from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, August 14th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

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

The firm has a market capitalization of $833.82 million, a PE ratio of -73.51 and a beta of 0.84. The stock’s 50 day simple moving average is $577.13 and its two-hundred day simple moving average is $536.28. The company has a debt-to-equity ratio of 0.06, a quick ratio of 11.65 and a current ratio of 11.65.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) last posted 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 company had revenue of $26.98 million during the quarter.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada boosted its position in shares of Daily Journal Corp. (S.C.) by 124.1% during the 1st quarter. Royal Bank of Canada now owns 1,423 shares of the company’s stock valued at $566,000 after acquiring an additional 788 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Daily Journal Corp. (S.C.) by 26.3% during the 1st quarter. AQR Capital Management LLC now owns 2,362 shares of the company’s stock worth $939,000 after purchasing an additional 492 shares during the period. Jane Street Group LLC purchased a new position in shares of Daily Journal Corp. (S.C.) during the 1st quarter worth $383,000. JPMorgan Chase & Co. increased its position in shares of Daily Journal Corp. (S.C.) by 93.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,607 shares of the company’s stock worth $679,000 after purchasing an additional 778 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of Daily Journal Corp. (S.C.) by 10.4% during the 2nd quarter. Legal & General Group Plc now owns 1,264 shares of the company’s stock worth $534,000 after purchasing an additional 119 shares during the last quarter. 51.23% of the stock is owned by institutional investors and hedge funds.

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.