Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Releases Quarterly Earnings Results

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) issued its quarterly earnings results on Wednesday. The company reported ($7.90) EPS for the quarter, FiscalAI reports. Daily Journal Corp. (S.C.) had a net margin of 14.83% and a return on equity of 3.79%. The business had revenue of $26.98 million for the quarter.

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

Daily Journal Corp. (S.C.) stock traded up $12.39 during mid-day trading on Thursday, hitting $569.40. The company’s stock had a trading volume of 24,130 shares, compared to its average volume of 62,894. The company has a quick ratio of 15.42, a current ratio of 15.42 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $784.63 million, a P/E ratio of 56.19 and a beta of 0.84. Daily Journal Corp. has a twelve month low of $348.63 and a twelve month high of $674.75. The stock’s fifty day moving average price is $568.59 and its two-hundred day moving average price is $536.44.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Daily Journal Corp. (S.C.) from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Daily Journal Corp. (S.C.) has an average rating of “Hold”.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP bought a new stake in shares of Daily Journal Corp. (S.C.) during the 2nd quarter worth $58,000. BlackRock Inc. acquired a new stake in shares of Daily Journal Corp. (S.C.) during the second quarter worth $63,501,000. Deutsche Bank AG acquired a new stake in shares of Daily Journal Corp. (S.C.) during the second quarter worth $803,000. Bank of New York Mellon Corp purchased a new stake in shares of Daily Journal Corp. (S.C.) during the second quarter valued at $2,815,000. Finally, Everett Harris & Co. CA purchased a new stake in shares of Daily Journal Corp. (S.C.) during the second quarter valued at $1,262,000. Institutional investors and hedge funds own 51.23% of the company’s stock.

Daily Journal Corp. (S.C.) Company Profile

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.