Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $419.36 and traded as low as $367.40. Daily Journal Corp. (S.C.) shares last traded at $386.34, with a volume of 124,884 shares traded.

Wall Street Analysts Forecast Growth

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

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

The stock has a 50-day simple moving average of $445.62 and a 200 day simple moving average of $419.36. 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 company has a market cap of $533.15 million, a P/E ratio of 5.50 and a beta of 0.83.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) last announced its quarterly earnings data on Thursday, August 14th. The company reported $10.47 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 company had revenue of $23.41 million during the quarter.

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

A number of hedge funds have recently modified their holdings of DJCO. Nuveen LLC acquired a new position in shares of Daily Journal Corp. (S.C.) in the 1st quarter worth approximately $1,254,000. American Century Companies Inc. raised its holdings in shares of Daily Journal Corp. (S.C.) by 9.7% in the 1st quarter. American Century Companies Inc. now owns 2,785 shares of the company’s stock worth $1,108,000 after buying an additional 247 shares in the last quarter. Quantbot Technologies LP raised its holdings in shares of Daily Journal Corp. (S.C.) by 62.8% in the 1st quarter. Quantbot Technologies LP now owns 910 shares of the company’s stock worth $362,000 after buying an additional 351 shares in the last quarter. AlphaQuest LLC acquired a new position in shares of Daily Journal Corp. (S.C.) in the 1st quarter worth approximately $110,000. Finally, Royal Bank of Canada raised its holdings in shares of Daily Journal Corp. (S.C.) by 124.1% in the 1st quarter. Royal Bank of Canada now owns 1,423 shares of the company’s stock worth $566,000 after buying an additional 788 shares in the last quarter. 51.23% of the stock is owned by institutional investors and hedge funds.

Daily Journal Corp. (S.C.) Company Profile

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.