Daily Journal (NASDAQ:DJCO) Sees Unusually-High Trading Volume

Daily Journal Co. (NASDAQ:DJCOGet Free Report) shares saw an uptick in trading volume on Monday . 4,296 shares changed hands during trading, a decline of 49% from the previous session’s volume of 8,381 shares.The stock last traded at $404.03 and had previously closed at $398.40.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DJCO. StockNews.com upgraded shares of Daily Journal from a “sell” rating to a “hold” rating in a report on Tuesday, May 21st. TheStreet upgraded shares of Daily Journal from a “c+” rating to a “b” rating in a report on Monday, March 18th.

Check Out Our Latest Stock Report on Daily Journal

Daily Journal Price Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 8.97 and a current ratio of 8.97. The stock has a market cap of $556.31 million, a price-to-earnings ratio of 25.05 and a beta of 0.95. The business’s fifty day simple moving average is $378.32 and its 200 day simple moving average is $356.27.

Daily Journal (NASDAQ:DJCOGet Free Report) last issued its quarterly earnings data on Tuesday, May 14th. The company reported $11.19 EPS for the quarter. Daily Journal had a net margin of 30.94% and a return on equity of 16.55%. The firm had revenue of $16.57 million for the quarter.

Hedge Funds Weigh In On Daily Journal

Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its position in shares of Daily Journal by 312.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 260 shares of the company’s stock worth $89,000 after purchasing an additional 197 shares during the last quarter. Pacific Global Investment Management Co. bought a new stake in shares of Daily Journal in the 4th quarter worth about $208,000. Lazard Asset Management LLC increased its position in shares of Daily Journal by 115.2% in the 1st quarter. Lazard Asset Management LLC now owns 581 shares of the company’s stock worth $210,000 after purchasing an additional 311 shares during the last quarter. Mutual Advisors LLC bought a new stake in shares of Daily Journal in the 4th quarter worth about $222,000. Finally, Equitable Trust Co. bought a new stake in shares of Daily Journal in the 4th quarter worth about $227,000. Institutional investors and hedge funds own 51.23% of the company’s stock.

Daily Journal Company Profile

(Get Free Report)

Daily Journal Corporation operates in publishing of newspapers and websites covering in California, Arizona, Utah, and Australia. It operates in two segments, Traditional Business and Journal Technologies. The company publishes 10 newspapers of general circulation, including Los Angeles Daily Journal, San Francisco Daily Journal, Daily Commerce, The Daily Recorder, The Inter-City Express, San Jose Post-Record, Orange County Reporter, Business Journal, The Daily Transcript, and The Record Reporter.

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