Wall Street Zen Upgrades Daily Journal Corp. (S.C.) (NASDAQ:DJCO) to Hold

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings raised Daily Journal Corp. (S.C.) from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday. One analyst has rated the stock with a Hold rating. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

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

Shares of NASDAQ DJCO opened at $642.18 on Friday. The firm has a market cap of $886.21 million, a P/E ratio of -78.12 and a beta of 0.83. The company has a debt-to-equity ratio of 0.06, a quick ratio of 11.65 and a current ratio of 11.65. Daily Journal Corp. has a 1 year low of $348.63 and a 1 year high of $692.50. The firm’s 50 day moving average price is $627.48 and its 200 day moving average price is $566.99.

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 for the quarter. Daily Journal Corp. (S.C.) had a negative net margin of 11.63% and a negative return on equity of 3.11%. The business had revenue of $26.98 million during the quarter.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of Daily Journal Corp. (S.C.) in the 2nd quarter valued at $63,501,000. Renaissance Technologies LLC grew its stake in shares of Daily Journal Corp. (S.C.) by 4.0% during the 1st quarter. Renaissance Technologies LLC now owns 13,371 shares of the company’s stock valued at $6,449,000 after buying an additional 520 shares during the period. Bank of America Corp DE grew its stake in shares of Daily Journal Corp. (S.C.) by 51.6% during the 1st quarter. Bank of America Corp DE now owns 11,971 shares of the company’s stock valued at $5,774,000 after buying an additional 4,077 shares during the period. Principal Financial Group Inc. acquired a new stake in shares of Daily Journal Corp. (S.C.) during the 1st quarter worth $4,169,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Daily Journal Corp. (S.C.) during the 2nd quarter worth $2,815,000. 51.23% of the stock is currently owned by hedge funds and other institutional investors.

About Daily Journal Corp. (S.C.)

Daily Journal Corporation is a Los Angeles-based media and software company. Its traditional publishing business produces legal and business newspapers, including the Daily Journal, and provides specialized print and online information services for attorneys, courts, and other professional users.

Through its Journal Technologies subsidiary, the company develops and supplies case-management and workflow software for courts, prosecutors, public defenders, probation departments, and other justice-related agencies.