Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Sees Large Volume Increase – Here’s Why

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) shares saw an uptick in trading volume on Wednesday . 177,946 shares were traded during trading, an increase of 140% from the previous session’s volume of 74,064 shares.The stock last traded at $401.2090 and had previously closed at $398.09.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Daily Journal Corp. (S.C.) in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Daily Journal Corp. (S.C.) Trading Up 1.5%

The company has a debt-to-equity ratio of 0.07, a quick ratio of 12.41 and a current ratio of 12.42. The company has a market cap of $555.08 million, a P/E ratio of 5.74 and a beta of 0.86. The business has a fifty day simple moving average of $436.80 and a 200 day simple moving average of $420.51.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) last announced its quarterly earnings data on Thursday, August 14th. The company reported $10.47 earnings per share for the quarter. The business had revenue of $23.41 million during the quarter. Daily Journal Corp. (S.C.) had a net margin of 122.18% and a return on equity of 30.90%.

Institutional Trading of Daily Journal Corp. (S.C.)

Several hedge funds have recently made changes to their positions in DJCO. Strs Ohio bought a new stake in Daily Journal Corp. (S.C.) in the first quarter valued at $278,000. Nuveen LLC bought a new position in shares of Daily Journal Corp. (S.C.) during the first quarter worth about $1,254,000. RWWM Inc. increased its holdings in shares of Daily Journal Corp. (S.C.) by 2.9% in the 2nd quarter. RWWM Inc. now owns 334,902 shares of the company’s stock worth $141,412,000 after acquiring an additional 9,483 shares during the period. AlphaQuest LLC bought a new stake in Daily Journal Corp. (S.C.) in the 1st quarter valued at about $110,000. Finally, Rhumbline Advisers boosted its stake in Daily Journal Corp. (S.C.) by 1.7% during the 1st quarter. Rhumbline Advisers now owns 2,062 shares of the company’s stock valued at $820,000 after purchasing an additional 34 shares during the period. Institutional investors own 51.23% of the company’s stock.

About Daily Journal Corp. (S.C.)

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.