Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $490.45 and traded as high as $532.29. Daily Journal Corp. (S.C.) shares last traded at $520.03, with a volume of 118,854 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Daily Journal Corp. (S.C.) in a research report on Wednesday, January 21st. Wall Street Zen downgraded Daily Journal Corp. (S.C.) from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

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

The company has a quick ratio of 16.31, a current ratio of 16.31 and a debt-to-equity ratio of 0.05. The company’s 50 day moving average is $564.45 and its 200 day moving average is $490.45. The firm has a market capitalization of $717.64 million, a price-to-earnings ratio of 7.68 and a beta of 0.82.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) last released its quarterly earnings results on Tuesday, February 17th. The company reported ($5.79) EPS for the quarter. The business had revenue of $19.54 million for the quarter. Daily Journal Corp. (S.C.) had a return on equity of 25.60% and a net margin of 104.17%.

Institutional Investors Weigh In On Daily Journal Corp. (S.C.)

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. RWWM Inc. grew its position in Daily Journal Corp. (S.C.) by 1.2% during the third quarter. RWWM Inc. now owns 338,941 shares of the company’s stock worth $157,655,000 after buying an additional 4,039 shares in the last quarter. New York State Common Retirement Fund raised its holdings in Daily Journal Corp. (S.C.) by 26.8% in the 3rd quarter. New York State Common Retirement Fund now owns 11,483 shares of the company’s stock valued at $5,341,000 after acquiring an additional 2,424 shares in the last quarter. Caprock Group LLC bought a new stake in shares of Daily Journal Corp. (S.C.) during the 3rd quarter valued at $2,609,000. Everett Harris & Co. CA lifted its position in shares of Daily Journal Corp. (S.C.) by 125.1% during the 2nd quarter. Everett Harris & Co. CA now owns 2,339 shares of the company’s stock valued at $988,000 after acquiring an additional 1,300 shares during the period. Finally, Legato Capital Management LLC grew its holdings in shares of Daily Journal Corp. (S.C.) by 29.3% during the 3rd quarter. Legato Capital Management LLC now owns 12,027 shares of the company’s stock worth $5,594,000 after purchasing an additional 2,722 shares in the last quarter. 51.23% of the stock is currently 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.