Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Downgraded by Wall Street Zen to Sell

Wall Street Zen lowered shares of Daily Journal Corp. (S.C.) (NASDAQ:DJCO) from a hold rating to a sell rating in a research note released on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings downgraded Daily Journal Corp. (S.C.) from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, October 28th. One research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

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

NASDAQ DJCO opened at $642.22 on Friday. The stock has a market capitalization of $886.26 million, a price-to-earnings ratio of -78.13 and a beta of 0.83. Daily Journal Corp. has a twelve month low of $375.00 and a twelve month high of $692.50. The company has a current ratio of 11.65, a quick ratio of 11.65 and a debt-to-equity ratio of 0.06. The stock has a 50-day moving average of $635.41 and a 200 day moving average of $566.71.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($7.90) earnings per share (EPS) for the quarter. Daily Journal Corp. (S.C.) had a negative return on equity of 3.11% and a negative net margin of 11.63%. The business had revenue of $26.98 million for the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Fulcrum Asset Management LLP acquired a new stake in shares of Daily Journal Corp. (S.C.) in the third quarter worth approximately $1,195,000. Allspring Global Investments Holdings LLC increased its position in shares of Daily Journal Corp. (S.C.) by 4.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,412 shares of the company’s stock worth $912,000 after purchasing an additional 54 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in shares of Daily Journal Corp. (S.C.) during the second quarter worth approximately $583,000. Arizona State Retirement System acquired a new position in Daily Journal Corp. (S.C.) in the 2nd quarter valued at $217,000. Finally, Corient Private Wealth LP raised its stake in Daily Journal Corp. (S.C.) by 306.8% in the 2nd quarter. Corient Private Wealth LP now owns 4,243 shares of the company’s stock valued at $2,551,000 after purchasing an additional 3,200 shares during the last quarter. Institutional investors and hedge funds own 51.23% of the company’s stock.

About Daily Journal Corp. (S.C.)

Daily Journal Corp. is a California-based media and software company that operates through newspaper publishing, legal and government software, and an investment portfolio. Its publishing business produces legal, business, and community newspapers and related digital content, primarily serving markets in California and Arizona.

Through its Journal Technologies subsidiary, the company develops and provides case-management and workflow software for courts and other justice-related organizations.