Daily Journal (NASDAQ:DJCO) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Daily Journal Co. (NASDAQ:DJCO)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $500.82 and traded as low as $420.12. Daily Journal shares last traded at $433.53, with a volume of 38,064 shares trading hands.

Daily Journal Price Performance

The company has a debt-to-equity ratio of 0.10, a current ratio of 10.26 and a quick ratio of 10.26. The firm has a market cap of $594.50 million, a P/E ratio of 7.60 and a beta of 0.90. The stock’s 50-day simple moving average is $497.30 and its two-hundred day simple moving average is $500.53.

Daily Journal (NASDAQ:DJCO) last posted 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 Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Daily Journal by 11.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,030 shares of the company’s stock worth $1,153,000 after purchasing an additional 212 shares during the last quarter. ProShare Advisors LLC bought a new position in Daily Journal during the 4th quarter worth about $222,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Daily Journal by 4.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 788 shares of the company’s stock valued at $448,000 after buying an additional 35 shares during the last quarter. Lazard Asset Management LLC lifted its position in shares of Daily Journal by 50.6% during the fourth quarter. Lazard Asset Management LLC now owns 872 shares of the company’s stock valued at $495,000 after buying an additional 293 shares during the last quarter. Finally, Capital Advantage Inc. purchased a new stake in shares of Daily Journal during the fourth quarter valued at about $799,000. 51.23% of the stock is currently owned by institutional investors.

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.