Daily Journal (NASDAQ:DJCO) Stock Crosses Above 50-Day Moving Average of $268.69

Daily Journal Co. (NASDAQ:DJCO)’s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $268.69 and traded as high as $285.52. Daily Journal shares last traded at $280.28, with a volume of 41 shares changing hands.

Several equities research analysts have recently issued reports on the company. BidaskClub lowered Daily Journal from a “buy” rating to a “hold” rating in a report on Friday, November 1st. TheStreet upgraded Daily Journal from a “d+” rating to a “c-” rating in a report on Monday, July 22nd.

The company has a debt-to-equity ratio of 0.21, a quick ratio of 7.00 and a current ratio of 7.00. The company has a fifty day moving average price of $270.24 and a 200-day moving average price of $234.94.

Daily Journal (NASDAQ:DJCO) last announced its quarterly earnings results on Thursday, August 8th. The company reported $1.13 earnings per share (EPS) for the quarter. The business had revenue of $14.52 million during the quarter. Daily Journal had a negative return on equity of 4.16% and a negative net margin of 39.39%.

Institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its holdings in shares of Daily Journal by 120.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 245 shares of the company’s stock valued at $58,000 after buying an additional 134 shares during the last quarter. Mraz Amerine & Associates Inc. acquired a new stake in shares of Daily Journal during the 2nd quarter valued at about $212,000. Jane Street Group LLC acquired a new stake in shares of Daily Journal during the 2nd quarter valued at about $263,000. Rhumbline Advisers lifted its holdings in Daily Journal by 6.5% in the 3rd quarter. Rhumbline Advisers now owns 1,788 shares of the company’s stock worth $443,000 after purchasing an additional 109 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Daily Journal by 6.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,774 shares of the company’s stock worth $661,000 after purchasing an additional 166 shares during the last quarter. Institutional investors and hedge funds own 39.51% of the company’s stock.

Daily Journal Company Profile (NASDAQ:DJCO)

Daily Journal Corporation publishes newspapers and Websites covering in California, Arizona, Colorado, and Utah. 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, The Daily Transcript, Business Journal, and The Record Reporter.

Recommended Story: The role of implied volatility with call option volume

Receive News & Ratings for Daily Journal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Daily Journal and related companies with MarketBeat.com's FREE daily email newsletter.