Daily Journal (NASDAQ:DJCO) Shares Down 6.5% – What’s Next?

Daily Journal Co. (NASDAQ:DJCO) shares dropped 6.5% on Monday . The stock traded as low as $391.43 and last traded at $383.53. Approximately 9,731 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 34,584 shares. The stock had previously closed at $410.10.

Daily Journal Stock Down 0.6 %

The company has a debt-to-equity ratio of 0.10, a quick ratio of 10.26 and a current ratio of 10.26. The stock has a market cap of $560.94 million, a price-to-earnings ratio of 7.17 and a beta of 0.91. The firm’s 50-day simple moving average is $529.34 and its two-hundred day simple moving average is $502.92.

Daily Journal (NASDAQ:DJCO) last issued its quarterly earnings results on Monday, December 30th. The company reported $19.41 EPS for the quarter. Daily Journal had a net margin of 111.70% and a return on equity of 22.98%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. boosted its position in shares of Daily Journal by 12.7% in the fourth quarter. Principal Financial Group Inc. now owns 710 shares of the company’s stock valued at $403,000 after acquiring an additional 80 shares during the period. Angeles Wealth Management LLC acquired a new position in shares of Daily Journal in the fourth quarter valued at approximately $650,000. Cross Staff Investments Inc acquired a new position in shares of Daily Journal in the fourth quarter valued at approximately $227,000. SG Americas Securities LLC increased its position in Daily Journal by 8.4% during the 4th quarter. SG Americas Securities LLC now owns 541 shares of the company’s stock valued at $307,000 after purchasing an additional 42 shares during the period. Finally, Miracle Mile Advisors LLC acquired a new stake in Daily Journal during the 4th quarter valued at approximately $250,000. Institutional investors own 51.23% of the company’s stock.

Daily Journal 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.