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

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

Analysts Set New Price Targets

DJCO has been the topic 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 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 research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, Daily Journal Corp. (S.C.) has an average rating of “Hold”.

Daily Journal Corp. (S.C.) Stock Up 1.7%

The company’s 50-day simple moving average is $632.76 and its 200 day simple moving average is $573.28. 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 posted its earnings results on Wednesday, August 12th. The company reported ($7.90) EPS for the quarter. Daily Journal Corp. (S.C.) had a negative return on equity of 3.11% and a negative net margin of 11.63%. The business had revenue of $26.98 million for the quarter.

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

Several large investors have recently modified their holdings of the company. Quantbot Technologies LP bought a new position in shares of Daily Journal Corp. (S.C.) in the second quarter worth about $58,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Daily Journal Corp. (S.C.) during the 4th quarter worth about $55,000. Rockefeller Capital Management L.P. bought a new stake in Daily Journal Corp. (S.C.) during the 4th quarter valued at approximately $75,000. Strs Ohio boosted its stake in Daily Journal Corp. (S.C.) by 100.0% during the 1st quarter. Strs Ohio now owns 200 shares of the company’s stock valued at $96,000 after purchasing an additional 100 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new stake in Daily Journal Corp. (S.C.) during the 2nd quarter valued at approximately $209,000. 51.23% of the stock is owned by institutional investors.

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.