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

Daily Journal Co. (NASDAQ:DJCO) saw unusually-high trading volume on Friday . Approximately 4,553 shares were traded during trading, a decline of 59% from the previous session’s volume of 11,205 shares.The stock last traded at $571.60 and had previously closed at $572.90.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Daily Journal from a “sell” rating to a “hold” rating in a report on Friday, August 23rd.

Daily Journal Stock Performance

The firm has a market capitalization of $786.61 million, a price-to-earnings ratio of 17.57 and a beta of 0.94. The firm has a 50 day moving average price of $532.68 and a 200-day moving average price of $468.11. The company has a debt-to-equity ratio of 0.11, a current ratio of 8.58 and a quick ratio of 8.58.

Hedge Funds Weigh In On Daily Journal

A number of institutional investors and hedge funds have recently made changes to their positions in DJCO. FMR LLC raised its holdings in Daily Journal by 23.9% in the third quarter. FMR LLC now owns 202 shares of the company’s stock valued at $99,000 after acquiring an additional 39 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Daily Journal by 7.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 896 shares of the company’s stock valued at $325,000 after purchasing an additional 64 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Daily Journal by 18.4% during the 2nd quarter. American Century Companies Inc. now owns 1,705 shares of the company’s stock worth $673,000 after purchasing an additional 265 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Daily Journal by 7.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,924 shares of the company’s stock worth $1,942,000 after purchasing an additional 324 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Daily Journal during the third quarter worth $245,000. 51.23% of the stock is owned by institutional investors and hedge funds.

Daily Journal Company Profile

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.