Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Stock Price Down 9.5% – Here’s Why

Daily Journal Corp. (S.C.) (NASDAQ:DJCO)’s share price traded down 9.5% during trading on Tuesday . The company traded as low as $465.20 and last traded at $463.74. 33,403 shares were traded during trading, a decline of 56% from the average session volume of 76,482 shares. The stock had previously closed at $512.56.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Daily Journal Corp. (S.C.) in a research note on Wednesday, January 21st. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Daily Journal Corp. (S.C.) Trading Down 7.0%

The stock has a market capitalization of $657.21 million, a P/E ratio of 5.86 and a beta of 0.79. The company has a quick ratio of 13.89, a current ratio of 13.89 and a debt-to-equity ratio of 0.06. The stock’s 50 day moving average price is $562.38 and its 200-day moving average price is $479.83.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) last announced its earnings results on Tuesday, February 17th. The company reported ($5.79) earnings per share (EPS) for the quarter. Daily Journal Corp. (S.C.) had a net margin of 127.86% and a return on equity of 32.88%. The company had revenue of $19.54 million for the quarter.

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

Several large investors have recently bought and sold shares of DJCO. Price T Rowe Associates Inc. MD raised its holdings in shares of Daily Journal Corp. (S.C.) by 11.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 775 shares of the company’s stock worth $378,000 after buying an additional 79 shares during the last quarter. Graham Capital Management L.P. purchased a new position in shares of Daily Journal Corp. (S.C.) in the fourth quarter worth about $224,000. Squarepoint Ops LLC acquired a new stake in Daily Journal Corp. (S.C.) during the 4th quarter valued at approximately $2,204,000. Entropy Technologies LP purchased a new stake in Daily Journal Corp. (S.C.) in the fourth quarter valued at $263,000. Finally, Advisory Research Inc. grew its holdings in Daily Journal Corp. (S.C.) by 14.1% during the fourth quarter. Advisory Research Inc. now owns 65,564 shares of the company’s stock worth $31,951,000 after acquiring an additional 8,097 shares during the period. Hedge funds and other institutional investors own 51.23% of the company’s stock.

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.