Daily Journal (NASDAQ:DJCO) Sees Unusually-High Trading Volume

Daily Journal Co. (NASDAQ:DJCO) saw strong trading volume on Tuesday . 9,413 shares were traded during trading, a decline of 11% from the previous session’s volume of 10,577 shares.The stock last traded at $497.82 and had previously closed at $486.90.

Wall Street Analysts Forecast Growth

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

Daily Journal Trading Up 0.1 %

The company has a 50-day moving average price of $452.44 and a two-hundred day moving average price of $399.84. The stock has a market cap of $671.44 million, a P/E ratio of 30.19 and a beta of 0.92. The company has a current ratio of 8.58, a quick ratio of 8.58 and a debt-to-equity ratio of 0.11.

Daily Journal (NASDAQ:DJCO) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.79 EPS for the quarter. Daily Journal had a net margin of 62.70% and a return on equity of 15.90%. The company had revenue of $17.49 million during the quarter.

Hedge Funds Weigh In On Daily Journal

Several hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its stake in shares of Daily Journal by 7.7% during the first 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 during the period. Swiss National Bank increased its position in shares of Daily Journal by 4.1% during the first quarter. Swiss National Bank now owns 2,542 shares of the company’s stock worth $919,000 after acquiring an additional 100 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Daily Journal by 34.9% during the first quarter. BNP Paribas Financial Markets now owns 680 shares of the company’s stock valued at $246,000 after acquiring an additional 176 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Daily Journal by 18.4% in the second quarter. American Century Companies Inc. now owns 1,705 shares of the company’s stock valued at $673,000 after purchasing an additional 265 shares during the period. Finally, Lazard Asset Management LLC boosted its holdings in shares of Daily Journal by 115.2% in the first quarter. Lazard Asset Management LLC now owns 581 shares of the company’s stock valued at $210,000 after purchasing an additional 311 shares during the period. Institutional investors own 51.23% of the company’s stock.

About Daily Journal

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.