Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Stock Price Up 6.4% – Still a Buy?

Daily Journal Corp. (S.C.) (NASDAQ:DJCO)’s stock price shot up 6.4% during trading on Tuesday . The stock traded as high as $544.42 and last traded at $540.3250. 24,547 shares were traded during mid-day trading, a decline of 74% from the average session volume of 95,180 shares. The stock had previously closed at $507.66.

Wall Street Analysts Forecast Growth

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

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

The company has a debt-to-equity ratio of 0.07, a quick ratio of 12.41 and a current ratio of 12.42. The stock has a market cap of $711.87 million, a price-to-earnings ratio of 7.32 and a beta of 0.94. The business’s fifty day simple moving average is $448.36 and its 200 day simple moving average is $436.11.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) last announced its earnings results on Monday, December 29th. The company reported $30.61 earnings per share (EPS) for the quarter. Daily Journal Corp. (S.C.) had a return on equity of 30.90% and a net margin of 122.18%.The business had revenue of $28.41 million for the quarter.

Hedge Funds Weigh In On Daily Journal Corp. (S.C.)

A number of institutional investors have recently made changes to their positions in the business. Rhumbline Advisers grew its position in shares of Daily Journal Corp. (S.C.) by 1.7% during the first quarter. Rhumbline Advisers now owns 2,062 shares of the company’s stock worth $820,000 after buying an additional 34 shares in the last quarter. State of Alaska Department of Revenue bought a new position in Daily Journal Corp. (S.C.) during the 3rd quarter valued at $27,000. Intech Investment Management LLC grew its holdings in Daily Journal Corp. (S.C.) by 11.9% during the 2nd quarter. Intech Investment Management LLC now owns 600 shares of the company’s stock worth $253,000 after acquiring an additional 64 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Daily Journal Corp. (S.C.) in the 3rd quarter worth about $36,000. Finally, California State Teachers Retirement System raised its stake in shares of Daily Journal Corp. (S.C.) by 7.1% in the 3rd quarter. California State Teachers Retirement System now owns 1,195 shares of the company’s stock valued at $556,000 after purchasing an additional 79 shares in the last quarter. 51.23% of the stock is owned by institutional investors and hedge funds.

About Daily Journal Corp. (S.C.)

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.