Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Stock Price Down 7.5% – Here’s What Happened

Shares of Daily Journal Corp. (S.C.) (NASDAQ:DJCO) dropped 7.5% during trading on Monday . The company traded as low as $547.03 and last traded at $532.7090. Approximately 32,581 shares changed hands during trading, a decline of 55% from the average daily volume of 72,813 shares. The stock had previously closed at $575.92.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Daily Journal Corp. (S.C.) in a research note on Wednesday, January 21st. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Daily Journal Corp. (S.C.) Trading Down 2.6%

The company has a debt-to-equity ratio of 0.06, a quick ratio of 13.89 and a current ratio of 13.89. The firm has a market capitalization of $773.97 million, a P/E ratio of 6.89 and a beta of 0.79. The firm has a 50 day simple moving average of $554.24 and a two-hundred day simple moving average of $474.28.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) last posted its earnings results on Monday, December 29th. The company reported $30.61 earnings per share (EPS) for the quarter. Daily Journal Corp. (S.C.) had a net margin of 127.86% and a return on equity of 32.88%. The firm had revenue of $28.41 million during the quarter.

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

Institutional investors have recently modified their holdings of the business. RWWM Inc. lifted its holdings 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 acquiring an additional 4,039 shares during the period. New York State Common Retirement Fund raised its stake in shares of Daily Journal Corp. (S.C.) by 26.8% during the 3rd quarter. New York State Common Retirement Fund now owns 11,483 shares of the company’s stock worth $5,341,000 after purchasing an additional 2,424 shares during the period. Everett Harris & Co. CA raised its stake 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 worth $988,000 after purchasing an additional 1,300 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of Daily Journal Corp. (S.C.) in the 2nd quarter worth about $426,000. Finally, Pacer Advisors Inc. bought a new position in Daily Journal Corp. (S.C.) during the third quarter valued at about $605,000. 51.23% of the stock is owned by institutional investors.

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.