Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Trading Down 6.4% – Time to Sell?

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) fell 6.4% during trading on Friday . The stock traded as low as $500.92 and last traded at $486.8140. 26,056 shares traded hands during trading, a decline of 70% from the average session volume of 87,979 shares. The stock had previously closed at $520.03.

Analyst Ratings Changes

DJCO has been the topic of a number of research analyst reports. Wall Street Zen cut Daily Journal Corp. (S.C.) from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Daily Journal Corp. (S.C.) in a research report on Wednesday, January 21st. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Daily Journal Corp. (S.C.) Trading Down 4.5%

The firm’s fifty day simple moving average is $564.34 and its 200 day simple moving average is $490.96. The stock has a market capitalization of $685.14 million, a P/E ratio of 7.33 and a beta of 0.82. The company has a debt-to-equity ratio of 0.05, a quick ratio of 16.31 and a current ratio of 16.31.

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

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

A number of institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue bought a new stake in shares of Daily Journal Corp. (S.C.) during the 3rd quarter worth $27,000. Advisory Services Network LLC bought a new position in Daily Journal Corp. (S.C.) in the third quarter valued at about $36,000. Strs Ohio acquired a new position in Daily Journal Corp. (S.C.) during the fourth quarter worth about $49,000. Parallel Advisors LLC raised its stake in Daily Journal Corp. (S.C.) by 178.9% during the fourth quarter. Parallel Advisors LLC now owns 106 shares of the company’s stock worth $52,000 after acquiring an additional 68 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Daily Journal Corp. (S.C.) in the fourth quarter worth about $55,000. Institutional investors and hedge funds 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.