Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Shares Down 6.4% – Here’s What Happened

by · The Cerbat Gem

Daily Journal Corp. (S.C.) (NASDAQ:DJCO – Get Free Report)’s share price was down 6.4% during mid-day trading on Thursday . The company traded as low as $458.81 and last traded at $467.8950. Approximately 20,769 shares were traded during trading, a decline of 79% from the average daily volume of 98,786 shares. The stock had previously closed at $499.97.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Daily Journal Corp. (S.C.) in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Daily Journal Corp. (S.C.) currently has an average rating of “Hold”.

Get Our Latest Analysis on Daily Journal Corp. (S.C.)

Daily Journal Corp. (S.C.) Stock Down 13.7%

The stock has a market capitalization of $595.10 million, a price-to-earnings ratio of 6.14 and a beta of 0.94. The company has a quick ratio of 12.41, a current ratio of 12.42 and a debt-to-equity ratio of 0.07. The firm has a 50-day moving average of $424.21 and a two-hundred day moving average of $425.41.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Strs Ohio acquired a new stake in shares of Daily Journal Corp. (S.C.) during the 1st quarter valued at about $278,000. Nuveen LLC bought a new position in Daily Journal Corp. (S.C.) during the first quarter valued at approximately $1,254,000. RWWM Inc. raised its position in Daily Journal Corp. (S.C.) by 2.9% during the second quarter. RWWM Inc. now owns 334,902 shares of the company’s stock valued at $141,412,000 after acquiring an additional 9,483 shares in the last quarter. Everett Harris & Co. CA lifted its stake in Daily Journal Corp. (S.C.) by 125.1% in the second 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 last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in Daily Journal Corp. (S.C.) in the second quarter worth approximately $426,000. Institutional investors and hedge funds own 51.23% of the company’s stock.

About Daily Journal Corp. (S.C.)

(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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