Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Sees Strong Trading Volume – Here’s What Happened

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) saw an uptick in trading volume on Wednesday . 177,946 shares changed hands during trading, an increase of 140% from the previous session’s volume of 74,064 shares.The stock last traded at $401.2090 and had previously closed at $398.09.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated 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 MarketBeat, the stock has an average rating of “Hold”.

Daily Journal Corp. (S.C.) Trading Up 1.5%

The firm has a market cap of $556.55 million, a P/E ratio of 5.76 and a beta of 0.86. The stock has a fifty day simple moving average of $440.72 and a 200 day simple moving average of $420.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 12.41 and a current ratio of 12.42.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) last released its quarterly earnings results on Thursday, August 14th. The company reported $10.47 earnings per share (EPS) for the quarter. The firm had revenue of $23.41 million for the quarter. Daily Journal Corp. (S.C.) had a return on equity of 30.90% and a net margin of 122.18%.

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

Several large investors have recently added to or reduced their stakes in DJCO. State of Alaska Department of Revenue purchased a new position in Daily Journal Corp. (S.C.) in the 3rd quarter worth $27,000. AlphaQuest LLC purchased a new position in Daily Journal Corp. (S.C.) in the 1st quarter worth $110,000. Entropy Technologies LP purchased a new position in Daily Journal Corp. (S.C.) in the 2nd quarter worth $211,000. Intech Investment Management LLC raised its stake in Daily Journal Corp. (S.C.) by 11.9% in the 2nd quarter. Intech Investment Management LLC now owns 600 shares of the company’s stock worth $253,000 after acquiring an additional 64 shares during the last quarter. Finally, Strs Ohio acquired a new stake in Daily Journal Corp. (S.C.) during the 1st quarter worth about $278,000. 51.23% of the stock is owned by institutional investors.

About Daily Journal Corp. (S.C.)

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.