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

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

Separately, Weiss Ratings lowered Daily Journal Corp. (S.C.) from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, October 28th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

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

DJCO opened at $661.08 on Friday. Daily Journal Corp. has a 12 month low of $375.00 and a 12 month high of $692.50. The company has a debt-to-equity ratio of 0.06, a quick ratio of 11.65 and a current ratio of 11.65. The stock’s 50 day moving average price is $636.15 and its 200 day moving average price is $566.77.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) last announced 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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE bought a new position in Daily Journal Corp. (S.C.) during the 2nd quarter valued at $1,140,000. Corient Private Wealth LP acquired a new position in shares of Daily Journal Corp. (S.C.) during the 2nd quarter valued at $2,597,000. BlackRock Inc. acquired a new position in shares of Daily Journal Corp. (S.C.) during the 2nd quarter valued at $63,501,000. Principal Financial Group Inc. acquired a new position in shares of Daily Journal Corp. (S.C.) during the 1st quarter valued at $4,169,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Daily Journal Corp. (S.C.) in the 2nd quarter worth $2,815,000. 51.23% of the stock is currently owned by institutional investors.

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.