Daily Journal (NASDAQ:DJCO) Shares Down 6.5% – Time to Sell?

Daily Journal Co. (NASDAQ:DJCO)’s stock price dropped 6.5% on Monday . The stock traded as low as $391.43 and last traded at $383.53. Approximately 9,731 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 34,584 shares. The stock had previously closed at $410.10.

Daily Journal Stock Down 4.4 %

The company’s 50 day moving average price is $539.69 and its two-hundred day moving average price is $504.02. The company has a current ratio of 10.26, a quick ratio of 10.26 and a debt-to-equity ratio of 0.10. The stock has a market cap of $540.97 million, a P/E ratio of 6.91 and a beta of 0.91.

Daily Journal (NASDAQ:DJCO) last issued its quarterly earnings data on Monday, December 30th. The company reported $19.41 earnings per share for the quarter. Daily Journal had a net margin of 111.70% and a return on equity of 22.98%.

Institutional Investors Weigh In On Daily Journal

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC raised its stake in Daily Journal by 23.9% during the 3rd quarter. FMR LLC now owns 202 shares of the company’s stock worth $99,000 after acquiring an additional 39 shares during the period. SG Americas Securities LLC raised its stake in Daily Journal by 8.4% during the 4th quarter. SG Americas Securities LLC now owns 541 shares of the company’s stock worth $307,000 after acquiring an additional 42 shares during the period. Principal Financial Group Inc. raised its stake in Daily Journal by 12.7% during the 4th quarter. Principal Financial Group Inc. now owns 710 shares of the company’s stock worth $403,000 after acquiring an additional 80 shares during the period. Cross Staff Investments Inc bought a new stake in Daily Journal during the 4th quarter worth approximately $227,000. Finally, Miracle Mile Advisors LLC bought a new stake in Daily Journal during the 4th quarter worth approximately $250,000. Institutional investors own 51.23% of the company’s stock.

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.